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

Question

Quizplus · Accepted Answer

All four statements are advantages of maintaining a subsidiary ledger for depreciable assets. It provides information for tax returns, supports insurance claims, tracks servicing of the assets, and helps with internal control over the assets.

How Many of These Are Advantages of Maintaining a Subsidiary ∙\bullet∙

How Many of These Are Advantages of Maintaining a Subsidiary $\bullet$