a client currently using straight-line method for all depreciable assets acquires a new class of depreciable assets to initiate a new product line and begins to depreciate these assets on an accelerated basis, the auditor should A. Add a separate explanatory paragraph to the report B. Express an adverse opinion C. Express the opinion subject to the effect of new depreciation method D. Express thee opinion with no modification for the accounting change
a client currently using straight-line method for all depreciable assets acquires a new class of depreciable assets to initiate a new product line and begins to depreciate these assets on an accelerated basis, the auditor should A. Add a separate explanatory paragraph to the report B. Express an adverse opinion C. Express the opinion subject to the effect of new depreciation method D. Express thee opinion with no modification for the accounting change
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 22RQSC
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In a client currently using straight-line method for all
A. Add a separate explanatory paragraph to the report
B. Express an adverse opinion
C. Express the opinion subject to the effect of new depreciation method
D. Express thee opinion with no modification for the accounting change
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