Which of the following must exist in order for a government to use the modified approach for recording infrastructure?a. An up-to-date inventory of eligible infrastructure assets must be maintained.b. A condition assessment must be performed at least every three years.c. Both of the aboved. Neither of the above

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Which of the following must exist in order for a government to use the modified approach for recording infrastructure?
a. An up-to-date inventory of eligible infrastructure assets must be maintained.
b. A condition assessment must be performed at least every three years.
c. Both of the above
d. Neither of the above

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