L17 Notes_Part_9 - 2. When might overall reasonableness be...

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Wear and Tear Obsolescence Inadequacy Economic Concept of Depreciation What determines the Estimated Useful Life (EUL) of an asset?
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Property Management Process: Depreciation Depreciation expense - not included in tests of transactions because it is an allocation 1. Valuation - consistency, accuracy
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Unformatted text preview: 2. When might overall reasonableness be sufficient? a. Internal control is strong and b. prior year's W|Ps reflect the depreciation method and estimated useful life Analytical procedures useful for Property Tax, Oper. X, Depreciation X, Insurance X, Repair & Maintenance X...
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L17 Notes_Part_9 - 2. When might overall reasonableness be...

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