QUESTION 3 Which of the following statements relating to measurement of the value of an item appearing in the Financial Statements is TRUE? O 1. The value of property, plant and equipment (pp&e)...

Extracted text: QUESTION 3 Which of the following statements relating to measurement of the value of an item appearing in the Financial Statements is TRUE? O 1. The value of property, plant and equipment (pp&e) always appears in the Balance Sheet at historical cost O 2. When a company is deemed to have significant influence over an investee company but not control, it should account for the investee using the consolidation method O 3. The amortised value of goodwill should appear in the Balance Sheet O 4. The notions of Fair Value, Realisable Value and Present Value are largely viewed as being the same