An Auditor's Principal Objective in Analyzing Repairs and Maintenance Expense

Multiple Choice

An auditor's principal objective in analyzing repairs and maintenance expense accounts is to:

A) Determine that all obsolete plant and equipment assets were written off before the year-end.
B) Verify that all recorded plant and equipment assets actually exist.
C) Discover expenditures that were expensed but should have been capitalized.
D) Identify plant and equipment assets that cannot be repaired and should be written off.