.Although Statement No. 34 requires that infrastructure assets be accounted for similarly to other capital assets,

Instructions:Provide complete answers to the following two questions.Although Statement No. 34 requires that infrastructure assets be accounted for similarly to other capital assets, it allows for a major exception with regard to depreciation. What is that exception?A government’s interest expenditure, as reported in its debt service fund, differs significantly from its interest expense, as reported in its government-wide statements. What is the most likely explanation for the difference?Requirements:Submit your responses to the following questions in a 1-2 page document in MS Word. Label each question clearly. Please include computations in a table.For written answers, please make sure your responses are grammatically correct and free from spelling errors.Use APA format and include in text citations and references.