You are conducting the first-time audit of the accounts of Baklava Pty Ltd, a small ptisserie in regional Victoria. To get the business up and running, one of the owners contributed cash and other

privateassets to the business, with the following general journal bringing them to initial account in the books:

DR Cash 2,500

DR Motor Vehicle 25,000

DR Computer 1,500

DR Printer 800

CR Capital (Contribution by owner) 29,800

Required:

In relation to the above journal entry,explain substantive tests that would enable you to substantiate each of the following:

1. Theexistenceof themotor vehicle;
2. Thevaluation and allocationof thecomputer;
3. Theclassificationof theprinter.