You are the CEO in charge of the audit of Built Constructions PLC [BCP], a construction

company, and you are reviewing the non-current asset section of the current audit file for the

year ended 30 September 2019. You find the following five matters which the audit executive

has identified as problem areas. He is reviewing the company's proposed treatment of the five

transactions in the accounts and is not sure that he has yet carried out sufficient audit work.

(a) During the year BCP built a new lunch room for its own staff at a cost of Rs. 55 million. This

amount has been included in buildings as at 30 September 2019.

(b) Loose tools, included in the financial statements at a total cost of Rs. 19 million, are tools

used on two of the construction sites on which BCP operates. They are classified as non-current

assets and depreciated over two years.

(c) A dumper truck, previously written-off in the company's accounting records, has been

refurbished at a cost of Rs. 6 million and this amount included in plant and machinery as at 30

September 2019.

(d) The company's main office block has been revalued from Rs. 22 million to Rs.27 million and

this amount included in the statement of financial position as at 30 September 2019.

(e) A deposit of Rs. 2 million for new equipment has been included under the heading 'plant and

machinery', although the final installment of Rs. 4 million was not paid over until 31 October

2019, which was the date of delivery of the plant.

Required

Outline the audit work and evidence required to substantiate the assets.