In the examination of property, plant, and equipment, the auditor tries to determine all of the following except the

Question

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In the examination of property, plant, and equipment, the auditor seeks to determine the adequacy of controls, the extent of property abandoned, retired, or sold during the year, and the reasonableness of depreciation. However, the auditor does not have to assess the adequacy of replacement funds, as this is not relevant to the examination of property, plant, and equipment.

In the Examination of Property, Plant, and Equipment, the Auditor