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29 While performing analytical procedures on plant assets, the auditor notices a significant and unexpected decrease in the ratio of repairs expense to plant assets.
29 While performing analytical procedures on plant assets, the auditor notices a significant and unexpected decrease in the ratio of repairs expense to plant assets. This would most I the following assertions for repairs expense and plant assets: plant assets. Repairs Expense Plant Assets Existence or occurrence Completeness. Completeness. Rights and obligations. a. Completeness b. Existence or occurrence c. Valuation or allocation d. Presentation or disclosure
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