Explain why categorizing fixed asset expenditures as expenses or capital assets is important.
Answer to relevant QuestionsWhat are some of the practical characteristics of fixed assets that complicate the calculation of depreciation? The authorization to purchase fixed assets should include investment analysis. Explain the two parts of investment analysis. Flozner Company is a small manufacturing firm with 60 employees with seven departments.Required:Describe any improvements you would suggest to strengthen the payroll internal controls at Flozner.Why are some fixed assets susceptible to theft? What are the two types of documents or reports are likely to trigger the conversion process?
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