Exchanged a car from inventory for a computer to be used as a long-term asset.

Carrying amount of the car	300,000
Listed selling price of the car	450,000
Fair value of the computer	430,000
Cash difference paid by Cherish Company	50,000

2. Exchanged an old packaging machine which cost P240,000 and was 50% depreciated, for a new machine and paid a cash difference of P30,000.

The fair value of the old packaging machine is determined to be P110,000, and the list price of the new machine is P150,000.

3. Exchanged old equipment costing P3,000,00 with accumulated depreciation of P1,800,000 and fair value of P1,000,000 for another used equipment with a fair value of P1,200,000. The exchange is nonmonetary.

Compute the value of PPE on:

Scenario 1:

Scenario 2:

Scenario 3: