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anhtuan anhtuan
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Posts: 138
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A year ago
You are auditing the acquisition and payment cycle and note the presence of excessive recurring losses on retired assets. You may conclude that

▸ insured values are greater than book values.

▸ there are a large number of fully depreciated assets.

▸ depreciation charges may by insufficient.

▸ the company has a policy of selling relatively new assets.
Textbook 
Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
Authors:
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benschmannbenschmann
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A year ago
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anhtuan Author
wrote...

A year ago
You make an excellent tutor!
wrote...

Yesterday
Thanks
wrote...

2 hours ago
Good timing, thanks!
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