Tuesday 20 November 2012

The auditor may conclude that depreciation charges are insufficient by noting: · Large amounts of fully depreciated assets · Continuous trade – ins of relatively new assets · Excessive recurring losses on assets retired · Insured values greatly in excess of book values

1.      The auditor may conclude that depreciation charges are insufficient by noting:

·        Large amounts of fully depreciated assets

·        Continuous trade – ins of relatively new assets

·        Excessive recurring losses on assets retired

·        Insured values greatly in excess of book values

 



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