Assets can be valued using either a cost-based valuation system or a market based valuation system. For each asset listed, place a "C" in the blank under the most appropriate valuation method to use for that asset when using a cost system. Place an "

M

" in the blank under the valuation method that should be used under a market based valuation system.\ Valuation Methods\ Tractor\ Grain sorghum in storage\ Purchased\ Feeder cattle\ Purchased beef breeding cows\ Paised beef\ breeding cows\ Wheat crop\ growing in field\ Iand\ Haybam\ Farm\ Production\ Cost

Assets can be valued using either a cost-based valuation system or a market based valuation system. For each asset listed, place a "C" in the blank under the most appropriate valuation method to use for that asset when using a cost system. Place an "M" in the blank under the valuation method that should be used under a market based valuation system