They purchased quite a bit of computer equipment in the last couple of years. When you audit PP&E, let the Crumpler do most of the legwork (vouching invoices, examining cancelled checks, examining titles, etc.) for you. Given all of the recent additions, make sure that the depreciation amounts have been calculated and are recorded correctly.

So here is what I determined about property, plant and equipment:

According to Sam Shaw, the fixed asset coordinator, Apollo Shoes moved into new quarters and acquired new equipment in February 2016. Up to that time, Apollo purchased only a fleet of vehicles for key executives and rented everything else. (All of their salesmen rent cars on an as needed basis for visiting clients.) Since the move, there have been only three major capital additions:

• Apollo repaired damage to the new building from a hurricane in April. Also, the building was repainted at the same time. I examined an invoice from ZZZ Best Building Repair Company for $50,408.00 as well as the cancelled check.

• The company purchased and installed new machinery to make shoes themselves. Apparently, they have been buying all the shoes pre-made from an overseas company. The machinery was installed in January 2017, but hasnt yet been operated. They had hoped to start production in January 2018, although the machinery has not been operated yet. I examined an invoice for $1,295,359.98 as well as the cancelled check.

• Apollo purchased and installed a new computer system in July 2017. I examined three invoices and related cancelled checks for $1,200,519.90. One was to Smart Chip for $1,000,000. One was to FastMove for moving services for $519.90. The third was to Professor Josephine Mandeville for $200,000 for system analysis consulting.

• I scanned the invoices in the Repairs and Maintenance account. Repairs and small capital additions (

• I examined the titles of the land, building, and vehicles. All listed Apollo Shoes, Inc. as titleholder.

• So here is what I determined about property, plant and equipment:

  According to Sam Shaw, the fixed asset coordinator, Apollo Shoes moved into new quarters and acquired new equipment in February 2016. Up to that time, Apollo purchased only a fleet of vehicles for key executives and rented everything else. (All of their salesmen rent cars on an as needed basis for visiting clients.) Since the move, there have been only three major capital additions:

• Apollo repaired damage to the new building from a hurricane in April. Also, the building was repainted at the same time. I examined an invoice from ZZZ Best Building Repair Company for $50,408.00 as well as the cancelled check.
• The company purchased and installed new machinery to make shoes themselves. Apparently, they have been buying all the shoes pre-made from an overseas company. The machinery was installed in January 2017, but hasnt yet been operated. They had hoped to start production in January 2018, although the machinery has not been operated yet. I examined an invoice for $1,295,359.98 as well as the cancelled check.
• Apollo purchased and installed a new computer system in July 2017. I examined three invoices and related cancelled checks for $1,200,519.90. One was to Smart Chip for $1,000,000. One was to FastMove for moving services for $519.90. The third was to Professor Josephine Mandeville for $200,000 for system analysis consulting.
• I scanned the invoices in the Repairs and Maintenance account. Repairs and small capital additions (
• I examined the titles of the land, building, and vehicles. All listed Apollo Shoes, Inc. as titleholder.

F-1 Apollo Shoes, Inc. Fixed Asset Detail Listing 12/31/17 Prepared by Reviewed by Depreciation Expense PBC Fixed Asset Acquisition Tag A32767 7/3/14 Date Estimated Useful Life Cost 2014 $4,500 5 $45,000.00 $102,000.00 A32766 9/1/15 5 2015 $9,000.00 S6,800.00 $3,400.00 $3,400.00 2016 $9,000.00 $20,400.00 $10,200.00 $10.200.00 $10,200.00 $ 2017 $9,000.00 $20.400.00 $ $10,200.00 $10,200.00 $ $10,200.00 A32768 9/1/15 5 A32769 9/1/15 5 $51,000.00 $51,000.00 $51,000.00 $117,000.00 A32764 5 5 $3,400.00 15 $41.593.73 6 9/1/15 2/1/16 2/1/16 2/1/16 2/1/16 2/1/16 2/1/16 2/1/16 Miscellaneous PC0001 PC0002 PC0003 $623,905.92 $38,178.54 $5,279.93 $5,279.93 $38.127.58 $ $5,832.81 $1,613.31 $1,613.31 3 3 $6,363.09 $1,759.98 $1,759.98 3 Description Laodrexer Jaguar Landrover Laodcover Laodcover Land Building Office furniture Smart Chip 5 Ghz PC 5 Smart Chip 5 Ghz PC Smart Chip 5 Ghz PC Smart Chip 5 Ghz PC Smart Chip 5 Ghz PC Smart Chip 5 Ghz PC Smart Chip 5 Ghz PC Smart Chip 5 Ghz PC Smart Chip 5 Ghz PC Smart Chip 5 Ghz PC Smart Chip 5 Ghz PC Smart Chip 5 Ghz PC Smart Chip 5 Ghz PC Smart Chip 5 Ghz PC $5,279.93 3 $1,759.98 Accumulated Depreciation $31,500.00 $47,600.00 $23,800.00 $23,800.00 $23,800.00 $ $0.00 $79,721.31 $12,195.90 $ $3,373.29 $3,373.29 $3,373.29 $3,373.29 $3,373.29 $3,373.29 $3,373.29 $3,373.29 $3,373.29 $3,373.29 $3,373.29 $3,373.29 $3,373.29 $3,373.29 PC0004 $5,279.93 3 $1,759.98 PC0005 2/1/16 3 3 2/1/16 2/1/16 2/1/16 $5,279.93 $5 279.93 $5,279.93 $5,279.93 $1,613.31 $1,613.31 $1,613.31 $1,613.31 $1,613.31 $1,613.31 $1,613.31 3 PC0006 PC0007 PC0008 PC0009 PC0010 PC0011 3 $1,759.98 $1,759.98 $1,759.98 $1,759.98 $1,759.98 $1,759.98 $1,759.98 3 3 2/1/16 2/1/16 2/1/16 2/1/16 $5,279.93 $5,279.93 $5,279.93 $5,279.93 $1,613.31 $1,613.31 3 PC0012 3 $1,613.31 PC0013 2/1/16 3 $1,613.31 $5,279.93 $5,279.93 $1,759.98 $1,759.98 $1,759.98 PC0014 2/1/16 3 $1,613.31 Fixed Asset Tag Acquisition Date Estimated Useful Life Depreciation Expense 2015 2016 Description Cost 2014 2017 Accumulated Depreciation $5,279.93 3 3 PC0015 PC0016 PC0017 PC0018 2/1/16 2/1/16 2/1/16 2/1/16 $5 279.93 $5,279.93 Smart Chip 5 Ghz PC Smart Chip 5 Ghz PC Smart Chip 5 Ghz PC Smart Chip 5 Ghz PC 5 Repair/Repaint original building New computing system Machinery $1,613.31 $1,613.31 $1,613.31 $1,613.31 $1,759.98 $1,759.98 $1,759.98 $1,759.98 $3,373.29 $3,373.29 $3,373.29 $3,373.29 3 $5,279.93 3 4/14/17 $50,408.00 30 $1,260.20 E00001 $1,260.20 $120,051.99 7/6/17 $1,200,519.90 5 M0001 1/5/17 $1.295,359.98 5 $120,051.99 S185 051.43 $446,000.00 $185,051.43 $609,500.01 $3,720,411.05 $4,500.00 526,000.00 $133,000.00 F-1 Apollo Shoes, Inc. Fixed Asset Detail Listing 12/31/17 Prepared by Reviewed by Depreciation Expense PBC Fixed Asset Acquisition Tag A32767 7/3/14 Date Estimated Useful Life Cost 2014 $4,500 5 $45,000.00 $102,000.00 A32766 9/1/15 5 2015 $9,000.00 S6,800.00 $3,400.00 $3,400.00 2016 $9,000.00 $20,400.00 $10,200.00 $10.200.00 $10,200.00 $ 2017 $9,000.00 $20.400.00 $ $10,200.00 $10,200.00 $ $10,200.00 A32768 9/1/15 5 A32769 9/1/15 5 $51,000.00 $51,000.00 $51,000.00 $117,000.00 A32764 5 5 $3,400.00 15 $41.593.73 6 9/1/15 2/1/16 2/1/16 2/1/16 2/1/16 2/1/16 2/1/16 2/1/16 Miscellaneous PC0001 PC0002 PC0003 $623,905.92 $38,178.54 $5,279.93 $5,279.93 $38.127.58 $ $5,832.81 $1,613.31 $1,613.31 3 3 $6,363.09 $1,759.98 $1,759.98 3 Description Laodrexer Jaguar Landrover Laodcover Laodcover Land Building Office furniture Smart Chip 5 Ghz PC 5 Smart Chip 5 Ghz PC Smart Chip 5 Ghz PC Smart Chip 5 Ghz PC Smart Chip 5 Ghz PC Smart Chip 5 Ghz PC Smart Chip 5 Ghz PC Smart Chip 5 Ghz PC Smart Chip 5 Ghz PC Smart Chip 5 Ghz PC Smart Chip 5 Ghz PC Smart Chip 5 Ghz PC Smart Chip 5 Ghz PC Smart Chip 5 Ghz PC $5,279.93 3 $1,759.98 Accumulated Depreciation $31,500.00 $47,600.00 $23,800.00 $23,800.00 $23,800.00 $ $0.00 $79,721.31 $12,195.90 $ $3,373.29 $3,373.29 $3,373.29 $3,373.29 $3,373.29 $3,373.29 $3,373.29 $3,373.29 $3,373.29 $3,373.29 $3,373.29 $3,373.29 $3,373.29 $3,373.29 PC0004 $5,279.93 3 $1,759.98 PC0005 2/1/16 3 3 2/1/16 2/1/16 2/1/16 $5,279.93 $5 279.93 $5,279.93 $5,279.93 $1,613.31 $1,613.31 $1,613.31 $1,613.31 $1,613.31 $1,613.31 $1,613.31 3 PC0006 PC0007 PC0008 PC0009 PC0010 PC0011 3 $1,759.98 $1,759.98 $1,759.98 $1,759.98 $1,759.98 $1,759.98 $1,759.98 3 3 2/1/16 2/1/16 2/1/16 2/1/16 $5,279.93 $5,279.93 $5,279.93 $5,279.93 $1,613.31 $1,613.31 3 PC0012 3 $1,613.31 PC0013 2/1/16 3 $1,613.31 $5,279.93 $5,279.93 $1,759.98 $1,759.98 $1,759.98 PC0014 2/1/16 3 $1,613.31 Fixed Asset Tag Acquisition Date Estimated Useful Life Depreciation Expense 2015 2016 Description Cost 2014 2017 Accumulated Depreciation $5,279.93 3 3 PC0015 PC0016 PC0017 PC0018 2/1/16 2/1/16 2/1/16 2/1/16 $5 279.93 $5,279.93 Smart Chip 5 Ghz PC Smart Chip 5 Ghz PC Smart Chip 5 Ghz PC Smart Chip 5 Ghz PC 5 Repair/Repaint original building New computing system Machinery $1,613.31 $1,613.31 $1,613.31 $1,613.31 $1,759.98 $1,759.98 $1,759.98 $1,759.98 $3,373.29 $3,373.29 $3,373.29 $3,373.29 3 $5,279.93 3 4/14/17 $50,408.00 30 $1,260.20 E00001 $1,260.20 $120,051.99 7/6/17 $1,200,519.90 5 M0001 1/5/17 $1.295,359.98 5 $120,051.99 S185 051.43 $446,000.00 $185,051.43 $609,500.01 $3,720,411.05 $4,500.00 526,000.00 $133,000.00