The Case: Britney's Company audit of Property, Plant, and Equipment Britney's Company has prepared the fixed assets and depreciation as shown in Exhibit 1 . The following information is available: - The land was purchased eight years ago when Building 1 was erected. The location was then remote, but it is now bordered by a major freeway. The appraised value is $35 million. - Building 1 has an estimated useful life of 35 years and no residual value. - Building 2 was built by a local contractor this year. It also has an estimated useful life of 35 years with no residual value. The company occupied it on May 1 this year. - Equipment A was purchased January 1 six years ago, when the estimated useful life was eight years with no residual value. It was sold on May 1 for $500,000. - The computer system was placed in operation as soon as Equipment A was sold. It is estimated to be in use for six years with no residual value at the end. - The company estimated the useful life of the press at 20 years with no residual value. - Truck 1 was sold during the year for $1,000. - Truck 2 was purchased on July 1 . The company expects to use it for five years and then sell it for - All amortization is calculated by the straight-line method using months of service. $2,000. Exhibit 1 - PPE Continuity Schedule c. For one addition and one disposition create a fictitious supporting document. One of them must have the correct amount and the other one must include a discrepancy. Then perform an audit procedure and document your findings and conclusions on the same working paper prepared in part A. c. Creation of two fictitious documents with appropriate referencing, a clear understanding of the procedure performed and its purpose (which assertion being tested) and a documented conclusion on findings