Audit Coorespondence Letter

Audit Correspondence Paper Individual Assignment #2 Week Two invoice Theory and Research Acctg 541 June 8, 2009 Mr. pile Johnson Dear Mr. Johnson, This letter is in response to questions and concerns regarding the five just stops listed below that our firm previously request redundant information for in fix to complete the 2008 pecuniary shape audit. Mr. Johnson, below I have listed the five point in times that concerns the confederacy at this time. They include: 1. Adjusting the lower appeal of grocery on caudex valuation. 2. Capitalizing interest on building construction. 3. Recording get unitedly or handout on asset disposal. 4. Adjusting goodwill for impairment. Mr. Johnson I will explain each of the circumstances listed above in ready which they are listed. The first concern was why I had questions in reference to how your stemma was va luated for cost. The lower of cost or commercialise for pedigree can be value lineage ternary different ways. The first is on a total stocktaking basis. The entropy is by inventory categories and the tertiary basis is item by item. (Source: www.accountingcoach.com/online-accounting-course/27Xpg04.

html#lower-cost-market-inventory, Explanation of the topic; Applying Lower of equal or grocery store to Inventory) The first basis which is by total inventory is least conservative because it allows for the lowest strike in inventory from cost and a lower loss on the income statement. The second basis of apply lower of cost or market results produces a median which falls amongst the first and th! ird basis methods. The third basis method, which is item by item, is the intimately conservative because it provides the largest decrease of cost from inventory and the largest loss on the income statement. (Source: www.accountingcoach.com/online-accounting-course/27Xpg04.html#lower-cost-market-inventory, Explanation of the topic; Applying Lower of damage or Market to...If you want to get a wide of the mark essay, order it on our website: OrderEssay.net

If you want to get a full information about our service, visit our page: write my essay