Andit the PP&E and Depreciation Schedule. Bart's Company has prepared the PP&E and depreciation schedule shown at the bottom of this page. The following information is available. Assume the beginning balance has been audited:

The land was purchased eight years ago when building I was erected. The location was then remote but now is bordered by a major freeway. The appraised value of the land is $35 million.

Building 1 has an estimated useful life of 35 years and no residual value.

Building 2 was built by a local contractor this year. It also has an estimated useful life of 35 years and no residual value. The company occupied it on May I this year.

Computer A system was purchased on January 1 six years ago when the estimated useful life was eight years with no residual value. It was sold on May 1 for $500,000.

Computer B system was placed in operation as soon as Computer A system was sold. It is estimated to be in use for six years with no residual value at the end

The company estimated the useful life of the press at 20 years with no residual value.

Auto 1 was sold during the year for $1,000

-Auto 2 was purchased on July 1. The company expects to use it for five years and then sell it for $2,000.

- All depreciation is calculated on the straight-line method using months of service.

Required:

List two auditing procedures for auditing the addition if P&E