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    Auditing and Assurance Services Study Set 2
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    Exam 19: Completing the Tests in the Acquisition and Payment Cycle: Verification of Selected Accounts
  5. Question
    Equipment on Hand Which Is No Longer Used in Operations
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Equipment on Hand Which Is No Longer Used in Operations

Question 62

Question 62

True/False

Equipment on hand which is no longer used in operations but which the auditor has physically verified as being in existence does not need to be evaluated for potential impairment.

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