Describe the process by which you would go about measuring the value of the following:

1. An inventory of mens shirts acquired 15 months ago by a department store

2. A 10-year old machine tool used by an automobile manufacturing company to fabricate parts

3. A three-year old automobile used by one of the companys salespersons

4. A companys obligation to pay wages during vacation leaves earned by its employees

5. The repay a $12,000 loan due in five years with interest payable annually at the rate of 8 percent

6. A used truck recently purchased

7. The exchange of a parcel of land owned by the company for a 15-year lease in a newly constructed facility

8. The acceptance of a five-year interest-bearing note from a customer in settlement for the customers past-due account

9. The signing of a five-year employment agreement with the companys chief scientist

10. The acceptance of an order for 120 units of product X requiring delivery at the rate of 10 units per month over the next year.

11. The filing by the company of a lawsuit seeking $200,000 in damages from a supplier that delivered inferior quality material

12. The return to the company of defective goods previously supplied to the companys best customer

13. The bankruptcy of the companys second largest customer.