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no. 9 and no. 14 Question 10 1 pts In January 1, 2020, the following assets of Company A had the following corresponding values: Carrying
no. 9 and no. 14
Question 10 1 pts In January 1, 2020, the following assets of Company A had the following corresponding values: Carrying amount Residual Value EUL Sound Value Year acquired Machinery 5,400,000 500,000 10 5.750,000 2017 Equipment *7.600.000 400.000 12 7,850,000 2016 The company decided to mcasure these properties using revaluation model. Full year depreciation is taken on the year of purchase. In January 1, 2022. the replacement cost of cquipment was revalued at P5.100.000. What is the amount taken to profit or loss as a result of the revaluation on January 1, 2022? 3.122.600 3.050.000 2.988.000 0 3.837.500 Question 14 1 pts On January 1, 2015, Company A purchased a new building at a cost of P3,000,000. Depreciation was computed on the straight line basis at 4% per year. On January 1, 2020, the building had a sound value of P4,000,000. What is the balance of revaluation surplus on December 31, 2020? 1,520,000 1,536,000 960,000 950,000Step by Step Solution
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