Which of the following best describes the independent auditor's approach to obtaining satisfaction concerning depreciation expense in the income statement?
A. Determining the method for computing depreciation expense and ascertaining that it is in accordance with generally accepted accounting principles.
B. Establishing the reasonableness of useful lives and depreciation methods for depreciable assets and recomputing the depreciation expense.
C. Reconciling the amount of depreciation expense to those amounts credited to accumulated depreciation accounts.
D. Verifying the mathematical accuracy of the amounts charged to income as a result of depreciation expense.
Answer: B
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