ACCY 111 Spring 2017 Assessment 2 1 Write a one page answer for each question. In doing so correctly reference any sources you use, including the Elwood and Greenwood XXXXXXXXXXarticle. Your answer...

1) What are the unique attributes of a heritage asset? Refering to the examples of the four poster
pictures below, discuss whether or not these attributes fit the general accounting definition of an
asset.

2) Ellwood and Greenwood (2016) argue that by measuring the economic value of heritage assets,
we affect their cultural value. Using examples from the paper and others of your own, explain
what is meant by this argument.

ACCY 111 Spring 2017 Assessment 2 1 Write a one page answer for each question. In doing so correctly reference any sources you use, including the Elwood and Greenwood (2016) article. Your answer should be loaded onto the Assessment 2 link on the ACCY111 Moodle site. 1) What are the unique attributes of a heritage asset? Refering to the examples of the four poster pictures below, discuss whether or not these attributes fit the general accounting definition of an asset. 1 - Sydney Opera House http://www.sydney.com/destinations/sydney/sydney-city/sydney-harbour/opera-house http://www.sydney.com/destinations/sydney/sydney-city/sydney-harbour/opera-house ACCY 111 Spring 2017 Assessment 2 2 2 - Uluru-Kata Tjuta National Park ACCY 111 Spring 2017 Assessment 2 3 3 - The Great Wall http://whc.unesco.org/?cid=31&l=en&id_site=438&gallery=1&index=1&maxrows=12 http://whc.unesco.org/?cid=31&l=en&id_site=438&gallery=1&index=1&maxrows=12 ACCY 111 Spring 2017 Assessment 2 4 4 - Taj Mahal http://whc.unesco.org/?cid=31&l=en&id_site=252&gallery=1&maxrows=58 2) Ellwood and Greenwood (2016) argue that by measuring the economic value of heritage assets, we affect their cultural value. Using examples from the paper and others of your own, explain what is meant by this argument. http://whc.unesco.org/?cid=31&l=en&id_site=252&gallery=1&maxrows=58