Solution-Describe substantive procedures to obtain

Describe substantive procedures to obtain sufficient

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Reference no: EM133525370

Question: Pineapple Beach Hotel Co. (Pineapple) operates a hotel providing accommodation, leisure facilities, and restaurants. Its year end was April 30, 2020. You are the audit senior of Berry & Co. and are currently preparing the audit program for the year-end audit of Pineapple. You are reviewing the notes of last week's meeting between the audit manager and controller where the following material issue was discussed.

Pineapple incurred significant capital expenditure during the year on updating the leisure facilities for the hotel. The controller has proposed that the new leisure equipment be depreciated over 10 years using the straight-line method.

Required

Describe substantive procedures to obtain sufficient and appropriate audit evidence in relation to the above issue.

Reference no: EM133525370

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Describe substantive procedures to obtain sufficient

Reference no: EM133525370

Reference no: EM133525370

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