PLS ANSWER ASAP!!!!

1) On January 1, 2021, Peaceful Company reported the following account balances relating to property, plant and equipment: Land, P 4,000,000; Building, P 30,000,000, with Accumulated Depreciation of P 7,500,000. Assets have been carried at cost since acquisition. All assets were acquired on January 1, 2021. The straight-line method is used. On January 1, 2021, the entity decided to revalue the property, plant and equipment. On such date, competent appraisers submitted the following (at replacement cost): Land, P 10,000,000; Building, P 50,000,000.

QUESTION: What is the revaluation surplus on January 1, 2021? P 15,000,000 P 30,000,000 P 6,000,000 P 21,000,000

2) Nice Company owned a power plant which consisted of the following assets all acquired at January 1, 2022: Cost Residual Value Useful Life Building 10,200,000 200.000 20 years Machinery 1.520.000 20.000 5 years Equipment 510,000 10.000 10 years QUESTION:

What is the composite rate? 7.08% 6.95% 1.88% 1.92%

3)On April 1, Burmese Company purchased and installed several furniture and fixtures items from a local furniture manufacturer and dealer under the terms 3/10, n/30. The invoice price of the furniture and fixtures was P 2,200,000. Burmese settled the account on April 22, 2022. In addition, the company incurred freight and installation cost amounting to P 5,000 and P 8,000, respectively. QUESTION: What is the initial cost of the furniture and fixtures acquired? O P2,147,000 O P2,213,000 O P2,134,000 O P2,200,000

4) When an asset's carrying amount is decreased as a result of a revaluation, the decrease shall be

O charged to retained earnings O debited to equity O charged to revaluation surplus O recognized in profit or loss

5) A revaluation decrease shall be charged directly against revaluation surplus

O when the decrease is a reversal of a previous downward revaluation. O always O when the decrease is material. O when the decrease is a reversal of a previous upward revaluation.

Nice Company owned a power plant which consisted of the following assets all acquired at January 1, 2022: Cost Residual Value Useful Life Building 10,200,000 200.000 20 years Machinery 1.520,000 20,000 5 years Equipment 510,000 10,000 10 years QUESTION: What is the composite rate