An asset was acquired on January 2018 for P80,000 with an estimated useful lif 5 years and no salvage value. After 3 years, it was determined that the asset has a fair value of P32,000, value in use of P40,000 and salvage value of P10,000. Should the entity decide to dispose the asset, it is expected that it shall incur dismantling cost of P3,000, interest expense of 500 and income tax of P1,920.

Compute for the asset's market capitalization

Answer rating: 100% (QA)

Market capitalization is a financial metric used to measure the value of a comp... View the full answer