$19-19($OBJECTIVE $19-2)$ For each of the following misstatements in property, plant, andequipment accounts, state an internal control that the client can implement to prevent themisstatement from occurring and a substantive audit procedure that the auditor can use todiscover the misstatement:$1.$ Capitalizable assets are routinely expensed as repairs and maintenance, perishabletools, or supplies expense$\mathrm{.}2.$ Acquisitions of property are recorded at incorrect amounts$\mathrm{.}3.$ A loan against existing equipment is not recorded in the accounting records. The cashreceipts from the loan never reached the company because they were used for thedown payment on a piece of equipment now being used as an operating asset. Theequipment is also not recorded in the records$\mathrm{.}4.$ Tools necessary for the maintenance of equipment are stolen by company employeesfor their personal use$\mathrm{.}5.$ Computer equipment that is abandoned or traded for replacement equipment is notremoved from the accounting records$\mathrm{.}6.$ Depreciation expense for manufacturing operations is charged to administrativeexpenses$\mathrm{.}7.$ The asset lives used to depreciate equipment are less than reasonable, expected usefullives$\mathrm{.}8.$ The value of equipment is impaired but has not been written down to fair value.