Question 27 To be classified as a capital expenditure the cost must do what? Not yet answered Marked out of 1.00 Select one: O a. involve long term repairs to an asset b. affect only a piece of machinery or equipment Flag question c. be directly related to a capital account O d. improve or better an existing plant asset Question 28 Which of the following is NOT a current asset? Not yet answered Marked out of 1.00 Select one: a. Accounts Receivable Flag question O b. Raw material inventory O c. Cash d. Copyrights Question 29 How long are limited life intangibles amortized? Not yet answered Marked out of 1.00 P Flag question Select one: a. indefinitely b. throughout their useful life c. for five years d. for twenty years A company that bases the value of their asset on observing the market price of similar assets is using which valuation method? Question 30 Not yet answered Marked out of 1.00 Select one: a. relative value P Flag question b. option pricing c. absolute value O d. fair value