Which of the Following Controls Is Not a Typical Internal

question 84

Multiple Choice

Which of the following controls is not a typical internal control over fixed assets?

• A) Reconcile physical inventory with the property ledger.
• B) Periodically reassess the appropriateness of depletion categories.
• C) Identify obsolete or scrapped equipment and write it down to scrap value.
• D) Periodically review management strategy and systematically assess the impairment of assets.

Recognize the principles behind the decision to sell now or process further based on incremental analysis.

Evaluate the implications of capital budgeting decisions on a company's future profitability.

Distinguish between relevant and sunk costs in decision-making scenarios.

Understand the concept of opportunity cost and its importance in management decisions.

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