The audit of the repairs and maintenance expense account is extremely important as it helps the auditor to determine if • The net book value of assets achieves precision. • Items that should be included as assets are charged as expenses. • All repairs and maintenance expenses add value to the assets. • Depreciation expense includes charges for repairs.

The audit of the repairs and maintenance expense account is extremely important as it helps the auditor to determine if

·        The net book value of assets achieves precision.

·        Items that should be included as assets are charged as expenses.

·        All repairs and maintenance expenses add value to the assets.

·        Depreciation expense includes charges for repairs.

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