Which of the following is an auditors objective related to the valuation assertion for the auditees PPE

Question:

Which of the following is an auditor’s objective related to the valuation assertion for the auditee’s PPE and intangible assets?

a. Obtain evidence that the auditee has legal rights to its patents.

b. Obtain evidence that the auditee has legal title to the building included in its PPE.

c. Evaluate management’s estimate of impairment of its manufacturing equipment.

d. Verify that the auditee’s depreciation policies are accurately described in the notes to the financial statements.

Intangible Assets
An intangible asset is a resource controlled by an entity without physical substance. Unlike other assets, an intangible asset has no physical existence and you cannot touch it.Types of Intangible Assets and ExamplesSome examples are patented...

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