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Which of the following independent checks would be part of the internal controls for fixed assets?
Days
A unit of time measurement equal to 24 hours, often used in business to measure durations such as payment terms and production cycles.
Purchasing Department
A division within a company responsible for acquiring goods and services needed for business operations.
Expense Allocation
The process of distributing costs among different departments, projects, or segments within an organization.
Direct Expenses
Expenses that can be directly traced to producing specific goods or services, such as raw materials and labor costs.
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