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Which of the following is not a standard internal control procedure for fixed assets? Multiple Choice -Authorize and justify the purchase of a sample of
Which of the following is not a standard internal control procedure for fixed assets?
Multiple Choice
-Authorize and justify the purchase of a sample of long-lived assets.
-Assign and, if possible, engrave an identification number on each asset.
-Maintain an asset register listing all capital assets, their costs, acquisition dates, location, and any other useful information.
- Assign responsibility for safekeeping, maintaining, and operating each asset to a specific person.
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