Preview File Edit View Go Tools Window Help 20%O Mon Feb 1 8:55 AM AGEC 3540 Balance Sheet Assignment 1 S 21 (1).pdf (page 2 of 2) Saved G Q Search AGEC 3540 Balan... 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) J 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 2 tv w Preview File Edit View Go Tools Window Help 20%O Mon Feb 1 8:55 AM AGEC 3540 Balance Sheet Assignment 1 S 21 (1).pdf (page 2 of 2) Saved G Q Search AGEC 3540 Balan... 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) J 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 2 tv w