Old MathJax webview

answer for this

An asset having a four-year service life and a salvage value of P5000 was 3 points acquired for P45,000 cash on April 01, 2021. Using straight-line method, compute for the accumulated depreciation to be reported in the balance sheet on December 31, 2022. Answer's format must be based on this example: P400,000 Your answer 3 points X Corp, a company engaged in real estate business, has the following properties: A. Office Building 500,000. B. Stockroom/Warehouse 650,000 C.Company vehicle for rentals 350,000 D. Land not currently used for production or administration purposes 300,000 E. Unsold real estates 3,200,000. Compute for the amounts to be reported under IAS 16- the Standard for PPE. Answer's format must be based on this example: P400,000 Your answer An item of PPE was revalued. Its cost was 500,000 without salvage value. 3 points It has a 5 year useful life. At the end of its second year, it was revalued. Its Fair Value as per Professional Appraisers' estimation was 1,000,000. Since, the PPE is already in use for 2 years, it has a subsequent accumulated depreciation under Revaluation model amounting to 400,000 (1,000,000 divided by 5 multiplied by 2 years). Compare the Carrying amounts under cost model and revaluation model and compute for the revaluation surplus if any." OP300,000 OP200,000 O P600,000 An asset having a four-year service life and a salvage value of P5000 was 3 points acquired for P45,000 cash on April 01, 2021. Using straight-line method, compute for the accumulated depreciation to be reported in the balance sheet on December 31, 2022. Answer's format must be based on this example: P400,000 Your answer An item of PPE was revalued. Its cost was 500,000 without salvage value. 3 points It has a 5 year useful life. At the end of its second year, it was revalued. Its Fair Value as per Professional Appraisers' estimation was 1,000,000. Since, the PPE is already in use for 2 years, it has a subsequent accumulated depreciation under Revaluation model amounting to 400,000 (1,000,000 divided by 5 multiplied by 2 years). Compare the Carrying amounts under cost model and revaluation model and compute for the revaluation surplus if any." OP300,000 OP200,000 O P600,000 3 points X Corp, a company engaged in real estate business, has the following properties: A. Office Building 500,000. B. Stockroom/Warehouse 650,000 C.Company vehicle for rentals 350,000 D. Land not currently used for production or administration purposes 300,000 E. Unsold real estates 3,200,000. Compute for the amounts to be reported under IAS 16- the Standard for PPE. Answer's format must be based on this example: P400,000 Your