Determining that proper amounts of depreciation are expensed provides assurance about management's assertion of:

Question

Quizplus · Accepted Answer

Choice "A" is correct. Determining that proper amounts of depreciation are expensed provides assurance with regard to valuation and allocation related to the asset, and accuracy in terms of financial statement presentation. Choices "B", "C", and "D" are incorrect. Verifying depreciation computations does not provide evidence with respect to completeness, rights and obligations, existence, or occurrence.

Determining That Proper Amounts of Depreciation Are Expensed Provides Assurance