Question 1 Which of the following would be classified as a liability? 3 pts O AAA Co is planning to invest in a new truck and has been quoted a price of 70,000 O DDD Co has estimated the utility charge for the last month of this year just ended as 1,000. O BBB Co's business manufactures a product under license. In 12 months' time the license expires and BBB Co will have to pay 50,000 for it to be renewed. O CCC Co purchased a van 10 months ago for 80,000. The market value of it has now fallen, valued at 70,000.