Audit Checklist County Assessor Audit Interview And Checklist Template Page 3
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5Appendix D
[ ] Operational Software
[ ] If application software (not assessed), describe _______________________________
_______________________________________________________________________
4.
EQUIPMENT
YES
NO
A.
Is equipment primarily purchased new?
____
____
[Verify that full costs have been capitalized: cost, sales tax, freight
and installation. Sample invoices to verify both cost and cut-off.]
B.
Have any equipment acquisitions involved a trade-in of
existing equipment?
____
____
C.
Is fully depreciated equipment still on the books?
____
____
Is it reported?
____
____
D.
Are disposed/scrapped assets written off the books?
____
____
E.
Has previously leased equipment which is now purchased been
capitalized at the full original invoice cost and acquisition date?
____
____
F.
Does the company manufacture and use their own equipment?
____
____
If yes, are all costs capitalized?
____
____
(Equipment depreciation or capitalized interest if project extends
beyond one year, labor, overhead, sales tax on materials)
If yes, verify/establish trade level.
G.
Is there a vehicle account which includes non-licensed vehicles
____
____
[or vehicles not covered by an annual license fee ("se" license)]
H.
Do any officers, employees, or any related companies lease,
an lease, or loan equipment to this company?
____
____
If so, please refer to item 7.
I.
Does this company have idle equipment on its premises?
____
____
If yes, how is it accounted for in the general ledger?
________________________________________
5.
EQUIPMENT OUT ON LEASE OR RENT TO OTHERS
A.
Does this company lease or rent equipment to others?
____
____
If so: Type of equipment? ____________________________
Standard lease/rental period? ___________________________
Reported at property trade level? _________________________
Costs includes: [ ] Sales Tax
[ ] Freight
[ ] Installation
B.
Is the leased equipment reported to all California counties?
____
____
AH 504
204
June 2000
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