Human Solutions Incorporated believes its people are its most significant asset. It estimates and records their value on its balance sheet. 2. Sharon Barton, president and owner of Barton Industries, has instructed the accountant to report the company's land and buildings at its current value of $500,000 instead of its cost of $350,000. "Reporting the land and buildings at $500,000 will make it easier to get a loan from the bank next month," Sharon states. 3. Will Viceira, owner of the Music To You Company, bought an electric guitar for his eersonal use. He paid for the guitar with company funds and increased the Equipment account. 4. West Spirit Oil Corp. is a very small oil and gas company that is listed on the Toronto \&tolyexch Pige. The president asked each of the shareholders to approve using ASPE instead of IFRS to reChye expgnses for accounting services. He received unanimous approval and has advised the company prepare the 2024 financial statements accordingly