Attached is the lead schedule for property, plant & equipment for PBC Company (a long time client of your audit firm). The company depreciates its PPE based on the "depreciation rate - method" column. The company's policy is to depreciate additions and disposals for half a year because it does not have a fixed asset module for its computerised accounting system.. PBC Company Property. Plant and Equipment 12-31-09 (Prepared by Client) D-1 1-29.10 JWP Asset Cost Beg Bal End Bal Depreciation Rate-Method Bes Bal Accumulated Depreciatid Expense Additions Disposals End Bal Asset Description Additions Disposals D-2) Land $2250 z $22501 (TB-BS) D.2) (D-4) 9209 Buildings 276263 Z 65416 2 276263 (TB-BS 3 13% S.L (30 YEARS 74625 TB-BS Machinery & Equip- mert (Plant) D-2) 208700 (D-3) (D-4) 319501 (D-3) 7500 540845 Z 12500 160866 2 737045 (TB-BS 5% SL (20 YEARS 185316 TB-BS) D-2) 19500 (D-4 29094 Automotive 99425 Z 52298 2 118925 (TB-BS) 25% SL (4 YEARS) $1892 (TB-BS) (D-2) 106433 Z 37581 2 Office Furniture and Fixtures Per cient 6800 D-2) 235000 113233 (TB-BS) 1327716 5% SL (20 YEARS (D-3) 12500 (D-4 5492 (D-4 75745 (D-3) 7500 43073 (TB-BS 384906 1105216 316661 Use the above lead schedule to answer the following questions: a) Explain why there is no depreciation for Land b) Do you think the company's depreciation policy for additions and disposals are reasonable? Explain. c) Perform a depreciation reasonableness test for Machinery & Equipment and Automotive