3. Give a few principles involved in the valuation of property for the purpose of sale or purchase.
4. Name three kinds of valuations relating chiefly to the commercial balance sheet.
5. What principles are involved in the valuation of a going concern?
6. What is meant by cost value?
7. Give a few sources of data as to value.
8. What is an “experience figure” in connection with an appraisal?
9. What is the most usual basis for values which are shown in the commercial balance sheet.
10. Define and explain:
- (a) Capital expenditures.
- (b) Revenue expenditures.
- (c) Capital receipts.
- (d) Capital expense.
11. Do the expenses of organization constitute capital or revenue expenditures?