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shahabkhon shahabkhon
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A year ago
Which of the following is not one of the reasons auditors verify equipment differently from current asset accounts?

▸ There are usually fewer current period acquisitions of equipment.

▸ The amount of any given acquisition is often material.

▸ The equipment is likely to be kept and maintained in the accounting records for several years.

▸ Current assets are subject to liens and encumbrances while equipment is not.
Textbook 
Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
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david200095367david200095367
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A year ago
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Helped a lot
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