Exercise 53 [General] Some of these sentences have verb errors, either subject-verb agreement or shifts in tense or mood. Identify these errors and correct the sentence 1. We will depreciate this asset over ten years. First, however, deter-mine its salvage value. 2. If we hired a consultant, we will be able to design a new system. 3. Neither the president nor the supervisors understand the new policy. 4. One problem we found in our reviews of the records were that revenues were not always recorded in the proper period. 5. A statement with supplementary disclosures provide additional information to investors. 6. The physical flow of goods generally follow the FIFO pattern.

7. Each of these statements is prepared according to GAAP.

8. We reviewed the clients system of internal control; then we will recommend ways to improve it. 9. The future benefits provided by the bond is partly due to its high interest rate. 10. Problems with understanding the new computer system is frus-trating everyone.