A copy of the auditors working paper for auditing additions and disposals relevant to the balance of property, plant, and equipment for the client new Millennium eco products is presented below:

1. What assertions are relevant to (i) additions and (ii) disposals of PP&E?
2. Find the details of the disposal. How much was the gain or loss on sale? Why is the auditor interested in the amount of the gain or loss (explain the comment by the auditor about the disposal in the working paper)?

WASH C NA NA c 500 CLIENT New Millennium Ecoproducts Period-end: 31/12/20 Currency/unit: $000 KO2 - ADDITIONS AND DISPOSALS Debit