Explain why the valuation assertion often has a high risk of misstatement for PPE and intangible assets

Question:

Explain why the valuation assertion often has a high risk of misstatement for PPE and .

Intangible Assets
An intangible asset is a resource controlled by an entity without physical substance. Unlike other assets, an intangible asset has no physical existence and you cannot touch it.Types of Intangible Assets and ExamplesSome examples are patented...