Which of the following is NOT a piece of relevant information that should be entered into the fixed asset subsidiary ledger upon the acquisition of a fixed asset?
A)Acquisition date
B)Cost
C)Useful life
D)The seller of the fixed asset

Question

Quizplus · Accepted Answer

The seller of the fixed asset is not a relevant piece of information that needs to be entered into the fixed asset subsidiary ledger. The important information to be entered includes the acquisition date, cost, and useful life of the asset for depreciation purposes.

Which of the Following Is NOT a Piece of Relevant