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Determine how depreciation charges are insufficient

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Reference no: EM132471616

Continuous trade-ins of relatively new assets. Determine The auditors may conclude that depreciation charges are insufficient by noting:

Multiple Choice

Option 1: Insured values greatly in excess of book values.

Option 2: Large amounts of fully depreciated assets.

Option 3: Continuous trade-ins of relatively new assets.

Option 4: Excessive recurring losses on assets retired.

Reference no: EM132471616

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