NONCURRENT asset held for sale

Problem 6-3 (IFRS) Abba Company accounts for noncurrent assets using land as held for sale. revaluation model. On June 30, 2020, the entity classified Problem 6-4 (IFRS) At that date, the carrying amount was P2,900,000 and balance of the revaluation surplus was P200,000. Surreal Company accounted for noncurr revaluation model. On October 1, 2020, On June 30, 2020, the fair value was estimated at P3,300,060 a land as held for sale. and the cost of disposal at P200,000. At that date, the carrying amount of the and the balance in the revaluation sur On December 31, 2020, the fair value was estimated at P3,250,000 and the cost of disposal at P250,000. At same date, the fair value of the la P5,500,000 and the cost of disposal at 1. What is the adjusted carrying amount of the land on June 30, 2020? On December 31, 2020, the fair value the land did not change. The land w 3,100,000 3,300,000 2021 for P6,000,000 2,900,000 1. What is the adjusted carrying d. 2,700,000 December 31, 2020? 5,000,000 C. CM - 10 2. What is the adjusted carrying amount of the land on . 5,500,000 December 31, 2020? e. 5,400,000 d. 3,500,000 3,100,000 3,300,000 2. What is the impairment loss for TRACY 3,000,000 1. 3,250,000 100,000 CA @ RV a. 400,000 PV-101 (1 5M- 100 BOUTSTIRES 500,000 3. What total amount should be reported as impairment loss for 2020? 100,000 3. What is the revaluation surpl 300,000 200,000 a. . 1,500,000 Rev surplus b. 2,000,000 ONE 50,000 C. 1,000,000 d. 1,900,000 4. What is the revaluation surplus on December 31, 2020? 600,000 1. What amount should be rep 400,000 land in 2021? 200,000 1,000,000 300,000 b. 2.600.000