Read the case and answer the questions thet follow A common error the auditor may find during the audit of property, plant, and equipment is that the client neglected to make a journal entry when disposing of an asset that has no value. When no consideration is received (for example, when the asset is donated or discarded). it is easy to not record an entry and keep the asset on the books. CONCEPT REVIEW Clients often make an error by "forgetting" to record a disposal of assets that are discarded for no value. For example, technology can often become obsolete or without value, and clients may dispose of something when replacing it. The asset, however, stays on the books, which creates an overstatement of assets and overstated depreciation expense moving forward and supporting work orders the beginning balance of plant assets by reference to the prior year audit 1. Retirements may also be tested for 2. Auditors may 3. Auditors need to confirm that the 4. A summary analysis of the property accounts indicates additions and 5 Auditors need to test ledgers agree in total to the general ledger from construction in progress to property