Question 34 Which cost accounting method is best for companies that engage in the purchase and sale of large items such as cars? Select one: Question 37 If the improvement costs are capitalized what will be affected? Select one: a. weighted average 0 b. specific identification C. LIFO d. FIFO a. the asset's book value b. the asset's market value C. the asset's periodic depreciation expense d. the asset's historical cost Question 42 A company that bases the value of their asset on observing the market price of similar assets is using which valuation method? Select one: Question 45 What account is needed if a company plans to use current assets to retire the outstanding bonds? Select one: a. relative value b. fair value c. absolute value d. option pricing 0 a. a Bonds Expense account b. a Short-term Bond Account 0 C. a Retired Bonds account d. a Bonds Payable account