Study the chart of ending balances for prior year (202x) and current audit year (202y) financial accounts related to long-lived assets. The audit client is in the commercial construction industry and

Study the chart of ending balances for prior year (202x) and current audit year (202y) financial accounts related to long-lived assets. The audit client is in the commercial construction industry and owns a large amount of construction and utility equipment.  

Ending Balances202x202yFixed Assets: Equipment$4,655,300.00$4,385,402.00Depreciation Expense$238,500.00$264,390.00Repairs & Maintenance$98,000.00$97,500.00Gain on Sale of Assets$0.00$35,000.00

Based on this information, answer the following questions:

1. What type of planning analytical procedures should the audit team include in their audit plan?
2. State at least two planning analytical procedures along with any follow-up conversation the auditing team should have with the audit client’s management.