Depreciation expense is one of the few expense accounts that is NOT verified as a part of:
A) substantive tests of transactions.
B) tests of controls.
C) both A and B
D) analytical procedures.

Question

Quizplus · Accepted Answer

Depreciation expense is typically verified through analytical procedures rather than substantive tests of transactions or tests of controls, as it involves estimates and judgment rather than direct transactions or control processes.

Depreciation Expense Is One of the Few Expense Accounts That