The Textbook Discussed Four of the Stages of the Fixed

Multiple Choice

The textbook discussed four of the stages of the Fixed Asset acquisitions process. Which stage corresponds to the following description?
"The department that uses a particular fixed asset generally initiates the purchasing process with a purchase requisition."

A) Stage 1: Asset Procurement
B) Stage 2: Receiving and Tagging
C) Stage 3: Recording Assets
D) Stage 4: Asset Reconciliation