Provide a very clear and detailed introduction on the repossession procedure.
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Provide a very clear and detailed introduction on the repossession procedure.
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- An overview of the depreciation procedures that apply to the most common types of depreciable assets would be helpful.Explain the appropriate treatment required when an error in accounting for property, plant, and equipment and intangible assets is discovered.Outline the main factors to be considered in selecting an appropriate depreciation method.
- Describe common substantive procedures used to audit a client’s property, plant, and equipment. How is depreciation audited? How are intangible assets audited?Should the engineers be able to assess the reality of depreciating fixed assets?provide an explanation of the concept of asset acquisition cost