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Cadish Cadish
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6 years ago
Ordinarily, it is unnecessary to test the valuation of capital assets recorded in prior periods because
A) it will not affect the current valuations.
B) they were verified in previous audits.
C) the related amortization calculations for the current period are more important.
D) the emphasis of the audit is on the income statement items, not the balance sheet items.
Textbook 
Auditing: The Art and Science of Assurance Engagements, Canadian Edition

Auditing: The Art and Science of Assurance Engagements, Canadian Edition


Edition: 12th
Authors:
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Auditing: The Art and Science of Assurance Engagements, Twelfth Canadian Edition, 12/E (Arens, Elder, Beasley, Splettstoesser)
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inthe80sinthe80s
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#1
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6 years ago
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Cadish Author
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6 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
oscar520000
wrote...

Yesterday
Good timing, thanks!
karamsidhu1
wrote...

2 hours ago
Correct Slight Smile TY
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