When Auditing Depreciation Expense, the Two Major Concerns Related to the Accuracy

question 44

Multiple Choice

When auditing depreciation expense, the two major concerns related to the accuracy audit objective are

• A) consistent application of depreciation method and useful lives.
• B) consistent application of depreciation method and classification of assets.
• C) correctness of calculations and consistent application of depreciation policies.
• D) cost of the fixed asset and useful lives.