multiple choice questions

1) proper separation of duties and physical safeguards to protect assets from thefts are part of company's

a) information system

b) control procedures

c) control monitoring

d) personal maintenance

2) which of following is true

a) if using double declining balance method the total amount of depreciation expense during life of asset will be highest

b) if using units of production method, it is possible to depreciate more than depreciable cost

c) if using straight line method, amount of depreciation expense during first year is higher than that double declining balance method

d) regardless of depreciation method, total amount of depreciation expense during life of asset will be same