1. The book value of an asset in the plant and equipment category is:
   1. The undepreciated cost of the asset
   2. The current replacement costs of the assets
   3. The original cost of the asset
   4. The accumulated depreciation on the asset to date.
2. The term net identifiable asset means
   1. All assets minus liabilities
   2. All assets expect goodwill, minus all liabilities
   3. All assets except intangibles, minus all liabilities
   4. All fixed assets loss liabilities
3. With respect to depreciation policies. One principle of consistency margins:
   1. A company should use the same depreciation method in its financial statements that it uses in the income tax returns
   2. A company should use the same depreciation method as other companies in the same industry
   3. A company should use the same depreciation method from year to year for a given plant asset.
   4. A company should use the same depreciation method in overpoting