Could you help me figure out which characteristic is LIFO, FIFO, Average Cost, or Specific Identification?

1. Generally associated with saving income taxes:

2. Used to account for automobiles, jewelry, and art objects:

3. Results in a cost of ending inventory that is close to the current cost of replacing the inventory

4. Maximizes reported income

5. Enables a company to buy high-cost inventory at year-end and thereby decrease reported income and income tax

6. Results in an old measure of the cost of ending inventory

7. Provides a middle-ground measure of ending inventory and cost of goods sold

8. Enables a company to keep reported income from dropping lower by liquidating older layers of inventory

9. Writes inventory down when replacement cost drops below historical cost

10. Matches the most current cost of goods sold against sales revenue

Thank You!