A. CFO assigned you the non-current assets classification requiring you to prepare a brief for her, which will require you to answer the following three questions.

1. With few exceptions, why do we report most assets at their original acquisition price (historical cost) and not at current market value?
2. Compare and contrast intangible and tangible assets.
3. Prepare a list of two possible undervalued assets on a company's balance sheet. Indicate how these items can be undervalued.

You would need to share your responses to the member of your team (DB group membership) so that each of them will discuss your answers.

Your Area Comptroller, Mr. Joe, informed you that the CFO will reward you graciously with 100 points towards your promotion and that those points will be allocated to each of the three areas of expectations above as follows:

1. 25 points
2. 45 points.
3. 30 points

To appropriately guide you so that you can take full advantage of the point incentives/reward system, Mr. Joe advised you to follow the company's document titled "Discussion Board Postings Rubric," as the HR Director would use that document to score your initial write-up and subsequent responses to members of your team. In addition to the Discussion Board Postings Rubric, you are aware that the Organization always encourages you to feel free to contact other relevant materials that you may deem fit. You must cite and provide references for all materials used as appropriate.