Which One of the Following Factors Is Not an Inherent

question 87

Multiple Choice

Which one of the following factors is not an inherent risk associated with long-lived assets?

• A)Obsolescence of assets.
• B)Impairment of assets.
• C)Incomplete recording of disposals.
• D)Lack of physical controls over the long-lived assets.

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Definitions:

Incremental Value

The additional value generated by undertaking a new project or decision, calculated as the difference between the value with and without the project.

Outstanding Stock

Outstanding stock is the total number of shares of a corporation that have been issued and are held by shareholders, including restricted shares owned by the company's officers and insiders.