Which of the Following Would Generally Not Be a Component

Multiple Choice

Which of the following would generally not be a component of the audit of the acquisition and payment cycle?

A) Adequacy of controls over acquisitions of long-lived assets
B) Tracing disposals of long-lived assets to the fixed asset master file
C) Determining the adequacy of the funds available for capital expenditures
D) Reperformance of recorded depreciation expense