Which of the Following Is not One of the Auditors

question 29

Multiple Choice

Which of the following is not one of the auditors' objectives in auditing depreciation?

• A)Establishing the reasonableness of the client's replacement policy.
• B)Establishing that the methods used are appropriate.
• C)Establishing that the methods are consistently applied.
• D)Establishing the reasonableness of depreciation computations.

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Definitions:

Bushels

A unit of volume that is used to measure agricultural commodities.

Corn

A cereal plant which yields large kernels set in rows on a cob; an important crop for food, livestock feed, and ethanol production.

Hedged Delivery

A technique used in trading and finance to mitigate risk by taking opposite positions in a market to protect against price movements.

Futures Contract

Agreements to buy or sell a particular commodity or financial instrument at a predetermined price at a specified time in the future.