Examine the excerpt of a footnote from Big Pond Corporation's September 30, 2021, annual report to follow. (Click the icon to view the excerpt.) Read the requirements. 1. What are Big Pond's largest two categories of property and equipment as of September 30, 2021? Describe in general terms the types of expenditures included in these categories. Big Pond's largest category of assets is Its second largest category of assets is Excerpt Requirements 1. What are Big Pond's largest two categories of property and equipment as of September 30, 2021? Describe in general terms the types of expenditures included in these categories. 2. What was Big Pond's gross cost of property and equipment at September 30, 2021 ? What was the book value of property and equipment on this date? Why is book value less than cost