1. On April 27, 2021, BatoBatoPik purchased for P6,000,000 a warehouse building and the land on which it is located. The following data were available concerning the property:

CurrentAppraised Value Original Cost Land P2.200.000 P1,800,000 Warehouse P3,300.000 P3,000,000 Total P5,500,000 P4,800,000

At what amount should the warehouse be recorded?

2. DELIBIRD Company has recently purchased a computer system for its office. The following information was gathered in relation to the acquisition of the unit:

List price P152,000 Trade discounts and rebates taken 56,000 Installation and assembly cost 3,200 Initial delivery and handling cost 6,400 Purchase discount 2%

What is the acquisition cost of the new computer?