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.

A Welcome to MyU A Balance Sheet and Analysis Ch x AGEC 3540 Balance Sheet Ass X + File /Users/danielleroden/Downloads/AGEC%203540%20Balance%20Sheet%20Assignment%201%20S%2021%20(2).pdf : AGEC 3540 Balance Sheet Assignment 1 S 21 (2).pdf 2 / 2 - 100% + Question 3 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. (20 points) Valuation Methods Cost Less Cost Depreciation Asset Farm Production Cost Market Value Tractor Soybeans in the bin Purchased feeder cattle Raised beef breeding cows Purchased beef breeding cows Wheat crop growing in the field Land Raised Market Livestock A Welcome to MyU A Balance Sheet and Analysis Ch x AGEC 3540 Balance Sheet Ass X + File /Users/danielleroden/Downloads/AGEC%203540%20Balance%20Sheet%20Assignment%201%20S%2021%20(2).pdf : AGEC 3540 Balance Sheet Assignment 1 S 21 (2).pdf 2 / 2 - 100% + Question 3 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. (20 points) Valuation Methods Cost Less Cost Depreciation Asset Farm Production Cost Market Value Tractor Soybeans in the bin Purchased feeder cattle Raised beef breeding cows Purchased beef breeding cows Wheat crop growing in the field Land Raised Market Livestock