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To test the accuracy of the current year's depreciation charges, an auditor should rely most heavily on a. Vouching of the current year's fixed asset
To test the accuracy of the current year's depreciation charges, an auditor should rely most heavily on a. Vouching of the current year's fixed asset acquisitions. b. Comparison of depreciation schedule detail with schedules supporting the federal income tax return. c. Tracing of totals from the depreciation schedule to properly approved journal entries and ledger postings. d. Re-computation of depreciation for a sample of plant assets
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