Which of the following is not a requirement that must be met to elect the...
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Accounting
Which of the following is not a requirement that must be met to elect the "modified approach" to reporting certain eligible infrastructure assets?
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The government gets the permission of the Government Accounting Standards Board.
The government manages the assets using an asset management system that includes estimates each year of the annual amount needed to maintain and preserve the eligible assets at the condition level established and disclosed by the government.
The government documents that the eligible infrastructure assets are being preserved approximately at (or above) the condition level established and disclosed.
The government manages the assets using an asset management system that includes condition assessments of the assets and summary of results using a measurement scale.
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