Which of the following is not a characteristic of the fixed asset system? a. acquisitions are routine

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Which of the following is not a characteristic of the fixed asset system?

a. acquisitions are routine transactions requiring general authorization

b. retirements are reported on an authorized disposal report form

c. acquisition cost is allocated over the expected life of the asset

d. transfer of fixed assets among departments is recorded in the fixed asset subsidiary ledger

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Accounting Information Systems

ISBN: 9780324312959

5th Edition

Authors: James A. Hall

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Question Posted: May 29, 2024 01:02 AM

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Which of the following is not a characteristic of the fixed asset system? a. acquisitions are routine

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Accounting Information Systems

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