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Author Question: The failure to capitalize a permanent asset, or the recording of an asset acquisition at the ... (Read 37 times)

mccallkeeler

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on: Aug 21, 2022

Question 1

The auditor's starting point for verifying disposals of property, plant, and equipment is the
◦ equipment account in the general ledger.
◦ file of shipping documents.
◦ client's schedule of recorded disposals.
◦ equipment subsidiary ledger.

Question 2

The failure to capitalize a permanent asset, or the recording of an asset acquisition at the improper amount, affects the balance sheet
◦ forever.
◦ for the current period.
◦ for the depreciable life of the asset.
◦ until the firm disposes of the asset.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by mccallkeeler on Aug 21, 2022

ryanb

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Reply #1 on: Aug 21, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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mccallkeeler

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Reply 2 on: Aug 21, 2022
Great answer, keep it coming :)

diana chang

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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