Audit of which of the following accounts most likely to reveal evidence relating to recorded retirements...

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Audit of which of the following accounts most likely to reveal evidence relating to recorded retirements...

Audit of which of the following accounts most likely to reveal evidence relating to recorded retirements of equipment?

1) Accumulated deprection

2) Cost of good sold

3) Purchase returns and allowances

4) Purchase discounts

business accounting

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Answer 1

Answer #1

Answer: Accumulated Depreciation Because retirements of Equipment is entired based on its Accumulated Depreciation Option 1 - Accumulated Depreciation

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Answer 2

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