Problem solving, show complete solution:

1.Lander Corporation purchased land adjacent to its plant to improve access for trucks making deliveries. Expenditures incurred in purchasing the land were as follows: purchase price, 5,000,000; broker's fees, 60,000; title search and other fees, 50,000; demolition of an old building on the property, 15,700; grading, 91,200; digging foundation for the road, 120,000; laying and paving driveway, 75,000; lighting 57,500; signs, 15,000.What is the cost of Land?

2.On January 2, 2020, a new machine was acquired for 400,000. The machine has estimated salvage value of 40,000 and estimated useful life of 10 years. The machine is expected to produce a total of 800,000 units and working hours of 50,000 hours throughout its useful life.The company used the machinery for 3,000 hours in 2020 and 5,000 hours in 2021. The machinery produced 50,000 units in 2020 and 80,000 units in 2021.

Compute for 2021 Depreciation using Straight-line Method.

3.On January 2, 2020, a new machine was acquired for 400,000. The machine has estimated salvage value of 40,000 and estimated useful life of 10 years. The machine is expected to produce a total of 800,000 units and working hours of 50,000 hours throughout its useful life.The company used the machinery for 3,000 hours in 2020 and 5,000 hours in 2021. The machinery produced 50,000 units in 2020 and 80,000 units in 2021.

Compute for 2021 Depreciation using Activity method (output Method).

4.On January 1, 2020, Rezone Enterprises purchased natural resources for 12,000,000 with residual value of P1,200,000. The company expects the resources to produce 1,200,000 units of product. What is the depletion cost per unit?