Professional Documents
Culture Documents
1. Identify business function of property, plant, and equipment cycle and the document
related to each business function?
2. List and briefly explain the purpose of all audit procedures that might reasonably be
applied by an auditor to determine that all property, plant, and equipment retirements
have been recorded in the accounting system!
3. Identify the account typically associated with acquisition of PPE? Explain!
4. Please match a word in column A and column B!
5. Identify internal controls are commonly used by organizations for property, plant, and
equipment and explain what is that for?
6. Ganoche Company acquired a machine cost $150.000 at 1 April 2017. The machine has 5
years useful life and does not have salvage value. They use straight line methode to
allocate the depreciation. How much the depreciation expense of the machine reported in
Statement of Profit or Loss in 2018? What number will be shown in Statement of
Financial Position for the machine in 2018?