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1. On January 1, 2013, Roy Corp. purchased 30% of the voting common stock of Jerry Co., paying P2,000,000. Roy properly accounts for this investment using the equity method. At the time of the investment, Jerry's total stockholders' equity was P3,000,000. Roy gathered the following information about Jerry's assets and liabilities whose book values and fair values differed: Book Value Fair Value Buildings (15-year life) P1,000,000 P1,500,000 Equipment (5-year life} 2,500,000 3,000,000 Franchises (10-year life) 0 500,000 Any excess of cost over fair value was attributed to goodwill, which has not been impaired. Jerry Co. reported net income of P300000 for 2013, and paid dividends of P100,000 during that year. Question: What is the amount of the excess of purchase price over book value? 2. Rommel Corp. purchased 40% of Associate Company's outstanding ordinary shares on January 2, 2020, for 27'0 million. The book value of Associate Company's net assets {shareholder's equity) at the purchase date totaled 450 million. Book values and fair values were the same for all financial statement items except for inventory and buildings, for which fair values exceeded book values by 12.5 million and 112.5 million, respectively. All inventory on hand at the purchase date was sold during 2020. The buildings have average remaining useful lives of 15 years. Associate Company reported net income of 110 million for the year ended December 31, 2020, and paid cash dividends of 40 million. The fair value of Rommel's investment in associate was 300 million at December 31, 2020. Of the amount paid for the acquisition of Associate Company's ordinary shares, how much is attributable to goodwill? 3. On January 1, 2013, Roy Corp. purchased 30% of the voting common stock of Jerry Co., paying P2,000,000. Roy properly accounts for this investment using the equity method. At the time of the investment, Jerry's total stockholders' equity was P3,000,000. Roy gathered the following information about Jerry's assets and liabilities whose book values and fair values differed: Book Value Fair Value Buildings (15-year life) P1,000,000 P1,500,000 Equipment (5-year life) 2,500,000 3,000,000 Franchises (10-year life) O 500,000 Any excess of cost over fair value was attributed to goodwill, which has not been impaired. Jerry Co. reported net income of P300,000 for 2013, and paid dividends of P100,000 during that year. Question: What is the amount of excess amortization expense for Roy Corp's investment in Jerry Co. for the first year