Government Accounting Question:

Read the statements carefully and choose the best answer... 4 points 13. On June 25, 20X1, a Government Agency made the following acquisitions: Printing Equipment P14,000 Medical Equipment P100,000 Water Fountain P50,000 Vacant Lot for P150,000 capital appreciation How much is to be recognized as Property, Plant and Equipment and Investment Property? P150,000, P150,000 P250,000; P64,000 P300,000; P14,000 O P314,000; PO