Which of the Following Is Not a Reasonable Control for Fixed

question 93

Multiple Choice

Which of the following is not a reasonable control for fixed assets?

• A)Proper authorization is required for acquisition and disposal of fixed assets.
• B)Fixed asset records show the location of each asset.
• C)Fully depreciated assets are immediately disposed of.
• D)Depreciation policies are in writing.

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Definitions:

Strict Liability

A legal principle where the defendant is liable for damages caused by their actions, regardless of fault or intent.

Privity Of Contract

The principle that contracts confer rights and impose obligations only on the parties actually agreeing to the terms.

Squirt Gun

A water-emitting toy designed for recreational purposes, often used in games and play.

Duty To Warn

The legal obligation to inform others of a known danger or risk, typically related to product safety or professional services.