statement of activities
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Free InquiryLarge City does not use the modified approach to account for roads. At the beginning of the current
year, the city spent $800,000 on new roads. The roads have a 20-year useful life. What amount should Large City report as an expense related to the new roads in the statement of activities for the current year?
A.$0
B.$20,000
C.$40,000
D.$800,000
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