West View Limited is a 740-billion-dollar company that trades on the Jamaica Stock Exchange. The company manufactures and sells consumer products locally and internationally. Recently the company fired its external auditors, Pratt CPA LLC, and hired your firm Strong Values CPA LLC.Below is an extract of West View's Balance Sheet as of December 31, 2019.

Fixed Assets

Plant & Equipment800,000

Accumulated Depreciation200,000

Net Plant & Equipment600,000

(Fixed assets amounting 87,000 was purchased during the year)

Required

You have been assigned to audit the fixed assets for West View Limited.Provide five (5) financial statement assertions that are applicable to fixed assets and detail the audit procedures that you would execute to verify the fixed assets balance as of December 31, 2019.(See required format on below)

Applicable financial statement , test objective , applicable procedures (explain) , applicable audit evidence.