You have heard the following statements made. Comment critically on them: (i) "The statement of financial position has certain key limitations, which make it less useful for valuation purposes". (ii) "Equity only increases or decreases as a result of the owners putting more cash into the business or taking some out." (iii) "An accrued expense is one that relates to next year. (iv) "There is no point in depreciating the factory building. It is appreciating in value each year