Describe an Internal Control That Would Prevent the Charging of Depreciation

question 8

Essay

Describe an internal control that would prevent the charging of depreciation expense to the maintenance department for a sweeper that is now located in and used by the engineering department.

---

Definitions:

Creditors Of Partnership

Individuals or entities that a partnership owes money to.

Sole Owners

Individuals or entities that are the exclusive legal proprietors of a business, property, or any asset.

Purported Partner

A purported partner is someone who acts as though they are a partner in a business, either intentionally or by implication, potentially creating liability as if they were a true partner.

Tangible Harm

Real, physical, or material damage or loss that can be quantified or observed.