Writea 525- to 700-word summary. Researcha recent article on auditing acquisitions, payments, property plant and equipment (fixed assets), notes payable, or owner's equity. Applywhat you learn to your future or current job. Clickthe Assignment Files tab to submit your assignment in a Microsoft Word document. Alsoinclude your Plagarism report on your summary.

Auditing Summary Name Institution Affiliation Date

Investments in long-term assets such as plant equipment and property are very crucial components in various organizations balance sheets. As indicated by the bar graph below, key organizations such as Southwest Airlines and Wal-Mart lately reported plant, property and equipment, PP&E, as a percentage of the total assets ranging from 40% to almost 90%.

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