Complete the summary of audit tests below by indicating the appropriate substantive tests information.
Definitions:
Unamortized Patent
A patent that has not yet been fully written off through amortization in a company's financial statements, representing an intangible asset still holding value.
Land Account
An account used in accounting to record the cost of land owned by a company. It includes the purchase price and any additional costs incurred to prepare the land for use.
Fair Value
The price at which an asset would be bought or sold in an orderly transaction between market participants at the measurement date.
Unamortized Patent
The portion of a patent's cost that has not yet been expensed in the income statement over the patent's useful life.
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