A company purchased a tract of land for its natural resources at a cost of $1,685,300. It expects to mine 2,070,000 tons of ore from this land. The salvage value of the land is expected to be $257,000. The depletion expense per ton of ore is:

The correct answer is B) auditors are concerned with the client's internal controls over the safeguarding of assets if they affect the financial statements.

Explanation:

Based on the theoretical concept, it can be said that the main scopes of a well structured system of internal controls are:

- Promote reliability and impartiality in the production of financial reports.

- Provide timely and easily accessible information, which allows efficient and effective conduction of business processes.

- Ensure compliance with internal processes and actions in general to the objectives of strategic planning, avoiding deviations from the guidelines.

- Safeguard the company's assets, supporting risk management and minimizing eventual financial losses caused by poor management.