Which of the Following Is Not a Technique That Auditors

question 74

Multiple Choice

Which of the following is not a technique that auditors can use when performing preliminary analytical procedures related to long-lived assets?

• A) Perform an overall estimate of depreciation expense.
• B) Review and analyze gains/losses on disposals of equipment.
• C) Compare depreciable lives used by the client for various asset categories with those of the industry.
• D) All the above are techniques that auditors can use.

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Definitions:

James Oglethorpe

A British military officer, member of Parliament, and philanthropist who founded the colony of Georgia in America in 1733 as a place for debtors and the poor.

Founding Georgia

The establishment of the colony of Georgia in 1733 by James Oglethorpe, intended as a place for debtors and poor individuals, and as a buffer against Spanish expansion from Florida.

Spanish Florida

A territory that was controlled by Spain from 1513 until 1821, covering most of what is currently the state of Florida and parts of the southeastern United States.

Mestizos

Individuals of mixed European and Indigenous American ancestry, a term originally used in the Spanish colonies to describe people of this mixed heritage.