Question 4 An asset is initially recorded at cost. Subsequently, it could be recorded using cost revaluation model. An accountant wants to record an asset at fair value. or Requirements: i. How can we find out the fair value of an asset? i. Will the Balance Sheet prepared using the cost model be different from the one prepared using the revaluation model? 3+3 6 marks Question 5 What is the implication of break-even analysis? How does it help managers to plan? [5 marks ] Question 6 How could the concept of Balance Scorecard be used as a planning tool? 5 marks Practice exercisS How does the concept of responsibility centres facilitate effective control? 5 marks