The purchase of fixed assets is likely to require different authorization processes than the purchase of inventory.Which of the following is not likely to be part of the authorization of fixed assets?
A)Specific authorization
B)Inclusion in the capital budget
C)An investment analysis or feasibility analysis of the purchase
D)Approval of the depreciation schedule

Question

Quizplus · Accepted Answer

Approval of the depreciation schedule is typically not a part of the authorization process for fixed assets. Depreciation schedules are usually determined by accounting policies and do not require additional authorization. However, specific authorization, inclusion in the capital budget, and an investment or feasibility analysis are all important steps in the authorization process for fixed assets.

The Purchase of Fixed Assets Is Likely to Require Different