Also please explain why you agree or disagree (a-f) Thank you very much!

P 4-14 Each of the following statements represents a decision made by the accountant of Growth Industries: a. A tornado destroyed $200,000 in uninsured inventory. This loss is included in the cost b. Land was purchased 10 years ago for $50,000. The accountant adjusts the land c. The cost of machinery and equipment is charged to a fixed asset account. The d. The value of equipment increased this year, so no depreciation of equipment was e. During the year, inventory that cost $5,000 was stolen by employees. This loss has f. The president of the company, who owns the business, used company funds to buy a of goods sold. account to $100,000, which is the estimated current value. machinery and equipment will be expensed over the period of use. recorded this year. been included in the cost of goods sold for the financial statements. The total amount of the cost of goods sold was $1 million. car for personal use. The car was recorded on the company's books. Required State whether you agree or disagree with each decision