ashford_acc_380_week_4_dq_1_infras...

May 19th, 2015
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ashford_acc_380_week_4_dq_1_infras...

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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

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