In planning the audit of a client's non-current assets, an auditor derived the following specific objectives from management's financial statement assertions:

1. Non-current assets are not valued greater than recoverable amount in accordance with an applicable accounting standard.

2. All non-current assets were on hand at year-end.

3. Non-current assets include all purchases made during the financial year.

4. Mortgages over non-current assets are properly disclosed in the financial statements.

5. All non-current assets on hand are owned.

6. Obsolete non-current assets have been identified and revalued or written off as appropriate.

7. Non-current assets have been properly classified in the balance sheet.

8. All non-current assets under lease have been identified separately.

9. Depreciation on non-current assets has been properly calculated.

10. The non-current assets register has been totalled and the totals agree with the figures in the general ledger.

Required

For each specific audit objective (items 1-10), identify the management assertion from which it was derived.