In Determining the Reasonableness of the Client's Amount for Depreciation

question 40

Multiple Choice

In determining the reasonableness of the client's amount for depreciation expense the auditor is primarily concerned that the client has followed a consistent policy and the calculations are correct. Which of the following audit objectives best addresses the above concerns?

• A) existence
• B) accuracy
• C) valuation
• D) allocation

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Definitions:

Repeated Urination

Frequent expulsion of urine, potentially indicating a medical condition or high fluid intake.

Encopresis

A condition in children characterized by involuntary defecation in inappropriate places, often associated with emotional or psychological stress.

Enuresis

A medical condition characterized by the involuntary discharge of urine, typically diagnosed when it occurs at an age beyond the expected period of toilet training.

Cartilage

A flexible, rubber-like tissue present in various parts of the body, such as joints and airways, that provides structure and support without the rigidity of bone.