Answer the following with solutions

66. DUMAR Corporation D. 7,5 times amount of unreali. per share. On the income statement for the year ended December 31 , whint is the total A. P1,600 and four monthly instaliments of p125,000 are to be made at the end of each month. The cavi equivalent price of the machine was P475,000. The company incurred and pald installation costs amounting to P15,000. At what amount shali the equipment be capltalited? A. P475,000 B. p490,000 C. PS50,000 0. Ps65,000 63. AUSTRIA Co, whose fiscal vear ends on December 32, 2021, purchased a unit of equipment for a total cost of PS,000,000. The equipenent is expected to have a 5-yeat useful life and a residual value of 10% of its oeleinal cost. Using the straight-line method, how much is the carrying value of equipment as of December 31, 202a? A. P4,500,000 B. PSOO,000 C. P2,300,000 D. P900,000 69. GIGER Company acquired a tract of land containing an extractable mineral resource. GiGER is required by the purchase contract to restore the land to a condition suitable for recreational use after it has extracted the mineral resource. Geological surveys estimate that the recoverable reserves will be 5,000,000 tons, and that the tand will have a value of P2,000,000 after restoration. Relevant cost information follows: Land Present value of restoration costs 97,000,000 1,500,000 If GIGER maintains no inventories of extracted material, what should be the charge to depletion expense per ton of extracted material? A. P1.70 B. 91.50 C. P1.40 D. P1,20 70. ALONZO Co. acquires 3 patents from Shaq Corp. for a total of p360,000. The patents were carried on 5 haq's books as follows: Patent AA: P5,000; Patent BB: P2,000; and Patent CC: P3,000. When Alonzo acquired the patents, their fair values were: Patent AA: P20,000; Patent B8:P240,000; and Patent CC: P60,000. At what amount should ALONzO record Patent B8? A. P120,000 B. P240,000 C. 92,000 D. P270,000 71. CHAD Company has the following accounts: Current Assets Non-Current Assets Current Liabilities Non-Current Labilities Equity Net income C P1,500,000 D. P2,500,000 72. CHAD Company has the following accounts: Current Assets Non-Current Assets Current Liabilities Non-Current Llabilities Equity Net income Working Capital B. P1,000,000 C. P1,500,000 How much is the Non-Current Liabilities? A. P500,000 B. P1,000,000 C. P1,500,000 D. P2,500,000