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?
"Routine purchases of fixed assets follow a common pattern; the fixed asset is inspected, the receiving report is prepared, the fixed asset is delivered to the requesting department for installation and/or use, fixed assets are tagged for future identification purposes."

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