1.The depreciation schedule shows when assets are fully depreciated. * T F

2.If accounts payable receives an invoice directly from the supplier it needs to be reconciled with the purchase order and receiving report. * T F

3.Proper segregation of duties requires that the responsibility approving a payment be separated from posting to the cash disbursements journal. * T F

4.One reason for authorizing purchases is to enable efficient inventory management. * T F

5.Inventory control should be located in the warehouse. * T F