Which of the Following Is Not a Typical Internal Control

question 43

Multiple Choice

Which of the following is not a typical internal control over long-lived assets?

• A)Reconcile physical asset inventory with the property ledger.
• B)Periodically reassess the appropriateness of depletion categories.
• C)Identify obsolete or scrapped equipment and write it down to scrap value.
• D)Periodically review management strategy and systematically assess the impairment of assets.

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Definitions:

Independent Variable

A variable thought to be the cause or predictor of changes in a dependent variable.

Regression Function

An equation in mathematics that illustrates how one or more variables that can vary independently affect a variable that depends on them.

Estimated Regression Line

A line calculated from regression analysis that represents the relationship between independent and dependent variables.

Sales

The exchange of a commodity for money; the action of selling something.