Hi,

Is there anyone help me analyze my case study?

You are auditing the financial statements of Alpine Service Inc.,an airplane wholesaler that purchases various types pf corporate jet for sale to different companies or individuals. Prior to the sale of an airplane, Alpine Service utilizes the jet for charter service. In reviewing the financial statement,you noticed that Alpine Service reports these jets before selling them as part of fixed assets and depreciates such planes. The engagement partner questions such accounting and requests that you research this issue as to the proper treatment for these jets used in the chartering service. References: https://www.accountingtools.com/articles/2017/5/10/fixed-asset http://smallbusiness.chron.com/importance-audit-system-companies-14705.html