The Thermo-Bond Manufacturing Company maintains its fixed-asset records on its computer. The fixed-asset master file includes the following data items:

Required Refer to Table 9-7, which describes the general functions of computer audit software. Then explain several ways such software could be used by an auditor in performing a financial audit of Thermo-Bond’s fixed assets.

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Asset number Description Type code Location code Date of acquisition Original cost Date of retirement* Depreciation method code Depreciation rate Useful life (years) Accumulated depreciation at beginning of year Year-to-date depreciation