7. Which of the following analyses might an auditor perform as part of preliminary analytical procedures? a. Develop an overall estimate of depreciation expense. b. Compare capital expenditûres with the client's capital budget. c. Perform a trend analysis of the ratio of depreciation expense to total depreciable long-lived tangible assets. d. All of the above could be performed as part of preliminary analytical procedures.
7. Which of the following analyses might an auditor perform as part of preliminary analytical procedures? a. Develop an overall estimate of depreciation expense. b. Compare capital expenditûres with the client's capital budget. c. Perform a trend analysis of the ratio of depreciation expense to total depreciable long-lived tangible assets. d. All of the above could be performed as part of preliminary analytical procedures.
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter12: Auditing Long-lived Assets And Merger And Acquisition Activity
Section: Chapter Questions
Problem 20CYBK
Related questions
Question
![7. Which of the following analyses might an auditor perform as part of
preliminary analytical procedures?
a. Develop an overall estimate of depreciation expense.
b. Compare capital expenditores with the client's capital budget.
c. Perform a trend analysis of the ratio of depreciation expense to total
depreciable long-lived tangible assets.
d. All of the above could be performed as part of preliminary analytical
procedures.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6341a338-12d5-4693-a892-e9f5810e9eff%2F0862e6ac-3918-4509-918d-d5eb752dfc5f%2Fzm7n57p_processed.png&w=3840&q=75)
Transcribed Image Text:7. Which of the following analyses might an auditor perform as part of
preliminary analytical procedures?
a. Develop an overall estimate of depreciation expense.
b. Compare capital expenditores with the client's capital budget.
c. Perform a trend analysis of the ratio of depreciation expense to total
depreciable long-lived tangible assets.
d. All of the above could be performed as part of preliminary analytical
procedures.
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