Why Is a Physical Inventory of Existing Fixed Assets Carried

question 16

Multiple Choice

Why is a physical inventory of existing fixed assets carried out on a regular basis?

• A) To check that the assets are used in more than one period.
• B) To check that the assets do physically exist.
• C) To check that the assets are properly depreciated.
• D) None of these.

---

Definitions:

General Legal Competence

The basic ability to understand, participate in, and engage with legal processes.

CLA Exam

A certification test for legal assistants or paralegals to demonstrate their proficiency and professional competence.

APC Exam

A professional examination, potentially referring to the Assessment of Professional Competence, required in certain professions to assess one's ability to practise competently within that profession.

NALA

The National Association of Legal Assistants, a professional association for legal assistants and paralegals in the United States.