Indicate whether each of the following is an internal control for plant & equipment (A = Internal Control, B = Not on Internal Control) 44. 45. 46. Use of a plant capital budget to forecast and control acquisitions Maintaining subsidiary ledger of property. Establishing a system of authorizations for acquisitions. A written statement of company policy distinguishing between capital and revenue expenditures. 47. Double-click to hide white space 48. A policy requiring all purchases of plant and equipment through normal purchasing and receiving procedures. Periodic physical inventories. A system of retirement procedures, including serially numbered retirement work orders. 50