To achieve effective control over fixed asset additions, a company should establish activities that require

Question

Quizplus · Accepted Answer

Authorization and approval of major fixed asset additions is the best practice to achieve effective control over fixed asset additions. This ensures that any significant investments in fixed assets are carefully evaluated and approved by appropriate personnel, reducing the risk of wasteful or unnecessary spending on fixed assets. Option A only addresses a specific dollar amount and may not capture all major additions, while options B and C do not directly address control over fixed asset additions.

To Achieve Effective Control Over Fixed Asset Additions, a Company