Question 5 (HOME WORK) 1. What are the seven principles of item selection and valuation in CBA? 2. What is the difference between "government charges" and "taxes"? How should government charges be dealt with in CBA? 3. How should the following items be dealt with in CBA: a. land b. capital items such as plant and equipment c. financing expenses associated with the project d. depreciation of plant and equipment e. allowances for bad debts f. salvage value g. external benefits and costs