Expense in the statement of activities

Reference no: EM13122336

A government incurred expenses for its infrastructure as follows: $15 million for general repairs; $13 million to extend the life for existing infrastructure; and $12 million for additions and betterments. The government chooses to use the modified approach to record infrastructure. The infrastructure has a basis of $400 million and would be depreciated over a 40 year life, if depreciation were charged. The amount that would be shown as expense in the Statement of Activities would be:

A. $40 million

B. $28 million

C. $27 million

D. $25 million

Reference no: EM13122336

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