Entitifrequently maintain a capital asset register as a subsidiary ledger detailing individual items of PPE. Which of the following would an auditor not expect to find in a capital asset register?
A) cost and accumulated depreciation.
B) the date of previous audit inspections.
C) serial number and supplier.
D) insurance cover.

Question

Quizplus · Accepted Answer

The date of previous audit inspections is not typically included in a capital asset register, which focuses on details like cost, depreciation, serial numbers, and insurance.

Entitifrequently Maintain a Capital Asset Register as a Subsidiary Ledger