The classes of transactions associated with the audit of plant assets do not include:
A) disposals of fixed assets.
B) repair and maintenance transactions.
C) depreciation expense.
D) board minutes authorizing asset acquisitions.
E) manufacture of fixed assets.

Question

Quizplus · Accepted Answer

Board minutes authorizing asset acquisitions are not a class of transactions associated with the audit of plant assets. They are related to the governance and approval process, not the transactions themselves.

The Classes of Transactions Associated with the Audit of Plant