Following are selected questions from an internal control questionnaire about a company's fixed asset records, additions, disposals, retirements, and depreciation functions. A yes response would indicate a potential strength of the system, a no response a potential weakness.

a. Are procedures followed to determine whether recorded fixed assets actually exist?

b. Is insurance coverage maintained and reviewed for all fixed assets?

c. Do procedures require authorization by the board of directors or senior management for fixed asset additions?

d. Are actual expenditures for fixed assets compared with amounts authorized?

e. Are procedures established to assure that the proceeds from fixed asset disposals are recorded properly and deposited?

f. Are fixed asset disposals and retirements promptly reported to General Accounting for recording gains and losses?

g. Are procedures established to assure that additions are added to depreciation records and disposals/retirements deleted?

Required: 

Assume that inquiries indicate the answer is yes to each question. Draft a test of controls that you believe would provide persuasive evidence that the answer to each question, (a) through (g), is correct.