How many of these are advantages of maintaining a subsidiary ledger for depreciable assets?
.It provides information for the preparation of income tax returns
.It provides information to support insurance claims in the event of loss from theft or accident
.It provides information concerning servicing of the assets
.It provides information for internal control over assets

Question

Quizplus · Accepted Answer

All four options are advantages of maintaining a subsidiary ledger for depreciable assets. It provides information for income tax returns, insurance claims, servicing of assets and internal control over assets. Therefore, option D is the correct answer.

How Many of These Are Advantages of Maintaining a Subsidiary