Discuss relevance and reliability as it relates to accounting. Below, 2 types of balance sheet assets are listed. For each of these, briefly discuss how the asset is valued (under US GAAP) and explain how relevance and/or reliability are salient for the valuation of the asset. You may have to go back to a previous textbook to remember how to account for these assets. Make sure you cover all aspects of valuation under US GAAP.