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Requirement 1. What is Riverside's largest category of assets? List all 20X2 assets in the...

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Accounting

Requirement 1. What is Riverside's largest category of assets? List all 20X2 assets in the largest category and their amounts as reported by RiversideRiverside's largest category of assets is property and equipment.List all the assets that are in the largest category and then their amounts as reported for 20X2.(Enter amounts in millions as provided in the problem statement.)AircraftPackage handling and ground support equipmentComputer and electronic equipmentVehiclesFacilities and otherMillions239212229281595811432Total cost4479314900Less: Accumulated depreciationNet property and equipment29893Requirement 2. What was Riverside's cost of property and equipment as of May 31,20X2? What was the carrying amount of property and equipment on this date? Why is carrying amount less than cost?What was Riverside's cost of property and equipment as of May 31,20X2?(Enter the amount in millions.)The cost of property and equipment:

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