1.) properties invested by the owner should be recorded at this value: (a) market value (b) residual value (c) book value (d) capital expenditures 2.) productive value of an asset representing its ability to yield service: (a) face value (b) market value (c) net realizable value (d) book value (e) residual value (f) utility value 3.) the amount that could be paid for an asset at an arm's length transaction: (a) utility value (b) residual value (c) face value (d) market value (e) net realizable value (f) book value