6.On January 1, 2014, Boston Company purchased a new building at a cost of P6,000,000. Depreciation was computed on the straight line basis at 4% per year. On January 1, 2019, the building had a fair value of P8,000,000. What amount should be recorded as depreciation for 2019? What is the pretax revaluation surplus on December 31,2019? 7.On January 1, 2019, Tania Company acquired an equipment with useful life of 8 years and residual value of P300,000. The depreciation applicable to this equipment was P600,000 for 2020 using the double declining method. What was the acquisition cost of the equipment? 8.Rapp Company, purchased a machine on July 1, 2019 for P6,000,000. The machine has an estimated useful life of 5 years and a residual value of P800,000. The machine is being depreciated by the 150% declining balance method. For the year ended December 31, 2020, what amount should be recorded as depreciation expense on the machine? 9.On April 1, 2019, Kew Company purchased new machinery for P3,300,000. The machinery had an estimated useful life of five years with residual value of P300,000. Depreciation is computed by the sum of the years' digits method. What amount should be recorded as depreciation for 2019? What amount should be recorded as depreciation for 2020? 10.Frey Company purchased a machine for P4,500,000 on January 1, 2019. The machine has an estimated useful life of four years and a residual value of P500,000. The machine is being depreciated using the sum of the years' digits method. What is the accumulated depreciation on December 31, 2020? What is the carrying amount on December 31, 2020? = 11.On January 1, 2019, Global Company reported the following information: Building Cost - 30,000,000, Accumulated Depreciation- 12,000,000. The building was measured using the cost model and depreciated on a straight line basis over 10-year period. On January 1, 2019, the management decided to change the basis of measurement from the cost model to the revaluation model. The equipment was revalued at the fair value of P27,000,000 with no change in useful life. The income tax rate is 30%. What is the revaluation surplus on January 1, 2019? What is the revaluation surplus on December 31, 2019? What amount should be recorded as depreciation for 2019? What is deferred tax liability on December 31, 2019