Activities involved with the fixed assets continuance phase of the fixed assets processes include all of the following, except:
A)Updating depreciation prior to the disposal of fixed assets
B)Updating cost data for improvements to assets
C)Adjusting for periodic depreciation
D)Keeping track of the physical location of the assets

Question

Quizplus · Accepted Answer

The activities involved in the fixed assets continuance phase include updating cost data for improvements to assets, adjusting for periodic depreciation, and keeping track of the physical location of the assets. However, updating depreciation prior to the disposal of fixed assets is not part of the fixed assets continuance phase, but rather part of the fixed assets disposal phase.

Activities Involved with the Fixed Assets Continuance Phase of the Fixed