You have been engaged to make an audit of the financial records of a new client, the Ana Manufacturing Corporation, for its fiscal year ended December 31, 19X5. Among the fixed assets group are the accounts land and buildings, with a balance of $1,007,000, and accumulated depreciation, land and buildings, with a balance of $301,000. The president informs you that 

The land and factory were donated by Central City to Ana on January 1, 19X2. This property had been purchased by Central City in November 19X1 for $1,000,000. Ana will get title to the donated property on January 1, 19X8, provided the average weekly payroll numbers a minimum of 200 each calendar year after 19X2. The corporation intends to meet these provisions. 

List the procedures you would follow in auditing these accounts.