How much would the total value of the three buildings be based on the information?

 

How much is the total current value of the lots?

   

Sound Value - Square Footage Blue Leasing Inc. operates office spaces for rent in three buildings in the city. Building 1 - used for 15 out of 20 years of useful life, 15,000 square feet. Buildings of similar size and age were recently sold at P3,000 per square feet. Building 2 - 60% depreciated, 20,000 square feet. A similar building was recently constructed for P7,000 per square foot. Building 3-has 5 years out of 25 years of useful life remaining, P500,000 residual value, 16,000 square feet. A similar building was recently constructed for P8,000 per square foot.