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What will be the value of this hand?

2, 9, A, 4, A

May it be 17? Or it must be 27?

In this situation can every Ace count as 1, or there must be one Ace as 11?

2
1

Yes, each Ace may be counted as one or as eleven.

Bicycle

It is up to each individual player if an ace is worth 1 or 11. Face cards are 10 and any other card is its pip value.

Poker Casino

Aces can have two different values, of either one or eleven (you can choose which).

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