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Author Question: Auditors verify and emphasize current additions of equipment. Which of the following isnota reason ... (Read 62 times)

tashina2013

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on: Aug 21, 2022

Question 1

A set of records for each piece of equipment that includes descriptive information, date of acquisition, original cost, current year depreciation, and accumulated depreciation is the
◦ acquisitions schedule.
◦ depreciation schedule.
◦ fixed asset master file.
◦ file of purchase requisitions.

Question 2

Auditors verify and emphasize current additions of equipment. Which of the following is not a reason for this verification and emphasis?
◦ The amount of any given acquisition is often material.
◦ The equipment is likely to be kept and maintained in the accounting records for several years.
◦ There are usually fewer current period acquisitions of equipment, especially large equipment used in manufacturing.
◦ The balance carried forward in the equipment account from the previous year is important.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by tashina2013 on Aug 21, 2022

furthoh

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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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tashina2013

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Reply 2 on: Aug 21, 2022
:D TYSM

mjenn52

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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