Which of the following is not a technique that auditors can use when performing planning analytical procedures related to long-lived assets?
A)Perform an overall estimate of depreciation expense.
B)Review and analyze gains/losses on disposals of equipment.
C)Compare depreciable lives used by the client for various asset categories with those of the industry.
D)All the above are techniques that auditors can use.

Question

Quizplus · Accepted Answer

All of the techniques listed (performing an overall estimate of depreciation expense, reviewing and analyzing gains/losses on disposals of equipment, and comparing depreciable lives used by the client for various asset categories with those of the industry) are appropriate for auditors to use when performing planning analytical procedures related to long-lived assets.

Which of the Following Is Not a Technique That Auditors