Assume that the audit team notes the client has made a significant change in its product line which requires that new equipment be purchased. Which of the following would be of greatest concern to the auditor?
a. Inappropriate book value of new equipment.
b. Impaired value of new equipment.
c. Impaired value of old equipment.
d. Inappropriate depreciation calculation for new equipment.
c
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Answer the following statements true (T) or false (F)
1.Whenever we make a blanket judgment about others, such as “every one of the people at my gym is just there to show off their muscles,” we are thinking in generalities and ignoring differences. 2.Indexing generalizations is appropriately used to help us use language to conceal distinctions between people. 3.By using the word “you” in place of “I”, you describe your own feelings and thoughts instead of berating others for theirs. 4.The meaning of a word can change from one time period to another and from one culture to another. 5.Tanya makes sure that she does not use the same words and language when talking with Professor Jensen that she might use when talking with her friends on the basketball court. Tanya is trying to make sure she uses the right words in the right place at the right time.
All managers in an organization are created as equals
Indicate whether the statement is true or false
Store design is a component of the
A. organizational mix. B. pricing mix. C. product mix. D. retail mix. E. wholesale mix.
On June 30, 2018, Staton Island Company discarded equipment costing $40,000. Accumulated Depreciation as of December 31, 2017, was $25,000. Assume annual depreciation on the equipment is $2,500. Prepare the journal entries for the 2018 depreciation expense and for the disposal of the equipment. Omit explanation.
What will be an ideal response?