You are auditing the acquisition of property, plant, and equipment. Explain the audit procedures to audit the following assertions. 1. Occurrence of acquisitions of property, plant, and equipment. 2. Accuracy of acquisitions of property, plant, and equipment. 3. Completeness of acquisitions of property, plant, and equipment.

You are auditing the disposals of property, plant, and equipment. Explain the audit procedures to audit the following assertions.

1.		Occurrence of disposals of property, plant, and equipment.
2.		Accuracy of disposals of property, plant, and equipment.
3.		Completeness of disposals of property, plant, and equipment.

How does auditing the disposals of property, plant, and equipment provide evidence related to depreciation expense?

You select the following sample of acquisitions of property, plant, and equipment. What can you conclude about the acquisitions of property, plant, and equipment from this evidence? Tolerable misstatement for property, plant, and equipment is $1 million.