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:

Self-Esteem

The perception one has of their own worth or value as a person.

Friendships

A mutual relationship between two people who hold mutual affection for each other.

Community Resources

Various supports, services, and facilities available within a community that can be utilized to improve the quality of life for its members, including libraries, parks, educational programs, and health clinics.

School Policies

Regulations and principles set by academic institutions to control actions and processes within the educational setting.