31. and leases would an In which of the following TOB on intangible assets, natu

Question

31. and leases would an In which of the following TOB on intangible assets, natural resources, auditor ordinarily rely on the work of a specialist? a. When an auditor wants to determine the reasonableness of the amortization schedule of intangible assets, such as goodwill. e an auditor wants to determine the reasonableness of the depletion rates of natural resources, such as timberlands. c. When the auditor wants to determine the reasonableness of the classification of a capital d. In all of the above a, b, and c circumstances. (finance) lease versus an operating lease

Explanation / Answer

Option B is correct. When an auditor wants to detemine the reasonableness of the depletion rates of natural resources, such as timberlands.

An auditor may not have an expertise in the valuation of natural resources, where he might need the help of a specialist.In other two options, Auditor can use his own skills to draw the conclusions.

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