The Costs of an Automated Perpetual Inventory System Are Considerable

question 150

True/False

The costs of an automated perpetual inventory system are considerable because they include the costs of automating the system,maintaining the system,and taking a physical inventory.

Assess a company's efficiency in the use of its assets through calculation of asset turnover ratios.

Prepare general journal entries to record transactions involving plant assets.

Revise depreciation calculations based on adjustments to useful life and salvage value of fixed assets.

Account for renovations and improvements to fixed assets and their impact on depreciation.