A copy of the auditor's working paper for auditing additions and disposals relevant to the balance of property, plant, and equipment (PPE) for the client New Millennium Ecoproducts is presented in Figure 11.4.

CLIENT: New Millennium Ecoproducts Period-end: 31/12/20 W&S PARTNERS Currency/unit: $000 K02 - ADDITIONS AND DISPOSALS Debit/ Reference K02 Section 1: Additions Depreciation Asset Starting TM/ Life TM/ Asset Code | Description Category Date Ref (years) Amount Ref 700025 Delivery van (15) Equipment 01/05/20 C 10 2750 V N/A CPX 120 Asset under construction N/A C N/A 500 Section 2: Disposals Gross Book Accumulated Net Book Selling Gain/(Loss) Asset Code Description Category Value Depreciation Value Price TM/Ref on Disposal 600662 Delivery van Equipment 420 280 140 75 X (65) Key to audit tickmarks: Agrees to purchase invoice * Agrees to sales invoice and receipt of payment c OK depreciation starting date appears reasonable Comments: No issue from testing of additions Loss on disposal of item tested is material and does not confirm relevance of depreciation rate used by company. FIGURE 11.4 Working paper for PPE additions and disposals