May 15th, 2015
Studypool Tutor
Price: $10 USD

Tutor description


Word Count: 777
Showing Page: 1/3
8-4a. What is infrastructure?Infrastructure assets are long-lived capital assets that normally are stationary in nature and normally can be preserved for a significantly greater number of years than most capital assets. Examples of infrastructure assets include roads, bridges, tunnels, drainage systems, water and sewer systems, dams, and lighting systems (GASB, Statement 34)b. What are two methods that might be used to record infrastructure expense from year to year? How is the accounting different under the two methods?Two methods are depreciation approach and modified approach. The differences are: using the modified approach, expenditures to extend the life of infrastructure assets are charged to expense. Choosing to depreciate infrastructure assets, expenditures to extend the life of infrastructure assets would be capitalized in the government-wide

Review from student

Studypool Student
" <3 it, thanks for saving me time. "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1828 tutors are online

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors