Choose all the correct options

Question

In Government Organizations, a modified approach for depreciation is used. This modified approach expenses maintenance cost

Accepted Answer

That buildings have an indefinite useful life, making depreciated charges unnecessary.

Answer

Changes in fiduciary assets

Answer

Changes in proprietary fund statement of revenues, expenses, and charges in fund assets.

Answer

All of these

In Government Organizations, a modified approach for depreciation is used. This modified approach expenses maintenance cost and capitalizes additions and improvements, but it does not record depreciation charges. The logic behind the modified approach is: