Examine the excerpt of a footnote from Red Sand Corporation's September $30,2021,$ annual report to follow.

$($Click the icon to view the excerpt.$)$

Read the requirements.

What are Red Sand'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.

Red Sand's largest category of assets is fixtures and equipment Its second largest category of assets is fixtures and equipment

Excerpt

Balances of Major Classes of Property and

Equipment Are as Follows $($in thousands$)$

$\backslash$table$[[$Land$,$Sep. $30,2021,$Sep. $30,2020],[$$$,76,592$$$,48,922],[$Buildings and leasehold improvements,,$2,219,768,1,958,616$