Which of the following is not a reasonable control for fixed assets?
A) Proper authorization is required for acquisition and disposal of fixed assets.
B) Fixed asset records show the location of each asset.
C) Fully depreciated assets are immediately disposed of.
D) Depreciation policies are in writing.
Correct Answer:
Verified
Q51: The fixed asset system is similar to
Q52: The payroll department performs all of the
Q53: Personnel action forms are used to do
Q54: Accounts payable
A)signs paychecks
B)prepares the payroll voucher
C)reconciles time
Q55: All of the following are processed by
Q57: The document that records the total amount
Q58: A control technique that can reduce the
Q59: Cost accounting updates work-in-process accounts from
A)time cards
B)the
Q60: The personnel action form provides authorization control
Q61: What negative consequences can result from miscalculated
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