The Statement About Inherent Risk Assessments for Property, Plant and Equipment

The statement about inherent risk assessments for property, plant and equipment that is inaccurate is:

A) Inherent risk is normally low for the presentation and disclosure assertion for PPE assets acquired under finance leases.
B) Inherent risk is normally low for the existence assertion in a merchandising entity because PPE assets are not generally vulnerable to theft.
C) Inherent risk is normally moderate to high for the existence assertion in a manufacturing entity because scrapped or retired PPE assets may not be written off the books.
D) Inherent risk is normally low for the valuation and allocation assertion when PPE assets are purchased for cash.