Note: Drop down menu options on second question are all Yes or No.

If closing inventory has been undervalued by 9,500, which of the following statements would be true? Select one: A. Profitis overstated by 9,500 B. Sales are overstated by 9.500 C. Cost of Sales are overstated by 9,500 D. Payables are overstated by 9,500 Bloggs have just purchased a new machine for use in their business. When calculating the asset cost, should each of the following expenditure be included? Legal fees 3 year extended warranty Delivery costs Repoirs and maintenance Welect your answer in each dropdown menu). Which of the following items would be classed as revenue expenditure? Select one: A. Redecoration of office within factory B. Purchase of land C. Purchase of factory D. Owner's drawings years and a residual value of 600,000. They have not yet decided whether to depreciate this using the straight line method or the reducing balance method at 6% per annum. The Property Co Ltd have a policy of charging a full year's depreciation in the year of purchase and none in the year of sale. What would be the value of the depreciation for the first TwO years under the straight line method? : What wouid be the value of the depreciation for the first TWO years under the reducing balance method? \& (Enter the values with no f sign, comma or decimal ploces)