What is the difference between using the modified approach to accounting for infrastructure assets

What is the difference between using the modified approach to accounting for infrastructure assets

424 Week 4 Discussion 2: What is the difference between using the modified

424 Week 4 Discussion 2: What is the difference between using the modified approach to accounting for infrastructure assets and depreciation infrastructure assets? Under the modified approach, what happens if infrastructure assets are not maintained at or above the established condition level?

…………………Answer  preview…………………..

There are fundamental differences in the modified approach which is used in the accounting of the infrastructure assets and the depreciation method that used in the accounting of the same. In the modified approach, there is no adjusted entry that recognizes the depreciation expense or the accumulated depreciation………………………..

APA

341 words

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