An objective of internal controls is to a Make sure the correct depreciation is

An objective of internal controls is to a make sure

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6) An objective of internal controls is to: 7) Which of the following are controls that can be applied to capital assets?i - Examine and count capital assets on a regular basisii - Place capital assets in a secure areaiii - Tag assets with bar codesiv - Track individual assets in accounting records
8) Use the figures below for a type of natural resource:Total Cost: $1,200,000Residual Value: $200,000Total Units: 5,000,000Thus, depletion per unit is: 9) Depletion is usually calculated by using the: 10) Which of the following are controls typical for intangible assets?i - Costs associated with the asset are objectively verifiedii– Payments are properly documentediii - Documents are properly maintainediv - Qualified staff ensure that transactions are recorded and classified properly

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