Modified Approach Definition | Becker

Accounting Dictionary

Modified Approach

Infrastructure assets that are part of a network or subsystem of a network are not required to be depreciated provided two requirements are met. Under the modified approach, infrastructure expenditures are typically reported as expenses, unless the outlays result in additions or improvements, in which case they would be capitalized. See also required approach.

Related Terms:

Required Approach [FAR]Back to Dictionary

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