Entitifrequently Maintain a Capital Asset Register as a Subsidiary Ledger

question 18

Multiple Choice

Entitifrequently maintain a capital asset register as a subsidiary ledger detailing individual items of PPE. Which of the following would an auditor not expect to find in a capital asset register?

• A) cost and accumulated depreciation.
• B) the date of previous audit inspections.
• C) serial number and supplier.
• D) insurance cover.

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Definitions:

This Parameter

A reference in object-oriented programming languages to the current object within an instance method or constructor, used to access class variables and methods.

Calling Object

The instance of a class on which a method is invoked in object-oriented programming.

Instance Variables

Variables that are defined within a class where each object created from the class has its own unique copy.

Local Variable

A variable declared within a function or block, having its scope limited to that block or function, making it inaccessible from the outside.