A group of investors owns an office building, which is rented unfurnished to tenants. The building was purchased 5 years previously from a construction company and, at that time, was expected to have a useful life of 40 years. Indicate the procedures you might follow in determining the amount at which the building would be stated under each of the following valuation methods.

a Acquisition cost.

b Adjusted acquisition cost.

c Current replacement cost.

d Net realizable value.

e Present value of future cash flows.