In connection with a recurring examination of the financial statements of the Kappa Manufacturing Company for the year ending December 31,20X2, you have been assigned the audit of the following accounts: Manufacturing Equipment; Accumulated Depreciation, Manufacturing Equipment; and Repairs Expense, Manufacturing Equipment. Your review of the company's policies and procedures has disclosed the attached pertinent information. List the major objectives of your audit of the three accounts you have been assigned to audit. Do not include audit procedures designed to accomplish these objectives. Prepare the portion of your audit program applicable to the review of the 20X2 additions to the Manufacturing Equipment account only. REQUIRED: (1) (2)