Question
19-22 (Objective 19-20) Your client, Edgartown Corporation, provided the following schedule of land, buildings, and equipment for the audit of financial statements for the
19-22 (Objective 19-20) Your client, Edgartown Corporation, provided the following schedule of land, buildings, and equipment for the audit of financial statements for the year ended December 31, 2019: 1/1/19 12/31/19 Account Description Beginning Balance Additions Disposals Ending Balance Land $7,500,000 - - $7,500,000 Building-Office 27,000,000 $250,000 27,250,000 Production equipment 2,345,000 178,223 $34,779 2,488,444 Office equipment 1,765,881 72,517 55,339 1,783,059 IT hardware 216,542 - 19,098 197,444 Total $38,827,423 $500,740 $109,216 $39,218,947 Required a. What type of evidence would you examine to support the beginning balances in
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