To achieve effective internal accounting control over fixed-asset additions, a company should establish procedures that require (a)
Question:
To achieve effective internal accounting control over fixed-asset additions, a company should establish procedures that require
(a) capitalization of the cost of fixed-asset additions in excess of a specific dollar amount.
(b) performance of recurring fixed-asset maintenance work solely by maintenance department employees.
(c) classifying as investments those fixed-asset additions that are not used in the business.
(d) authorization and approval of major fixed-asset additions.
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Related Book For
Accounting Information Systems
ISBN: 9780130861771
8th Edition
Authors: George H. Bodnar, William S. Hopwood
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