Question 16 Alpha Company commenced operations on January 1 of the current year. During the year. the company incurred the following: Taxes in arrears assumed by Alpha 100,000 Payment for land 2.000,000 Architect fee 460,000 Payment to city hall for approval of building construction 240,000 Contract price for new building 9.500,000 Service equipment made as permanent part of building 2.000,000 Safety fence around construction site 70,000 Safety inspection on new building 60,000 Removal of safety fence after completion of new building 40.000 Cost of changes to plans and specifications due to inefficiencies 220,000 New permanent fence surrounding the new building 90,000 Driveways, parking bays, and safety lighting 600,000 Saving on construction 300,000 What is the Cost of Land Improvements? In Answering the question, please do not put " P"D Question 17 2 pts Belle Company purchased a factory machine for P550,000, less 2% cash discount. The company paid P7.000 for insurance premiums while the machine was in transit. The company installed the machine at a cost of P46.000 and incurred testing costs of P16.740 to place the machine to its intended use. What is the cost of factory Machine? In Answering the question, please do not put " p" D Question 18 2 pts A plant asset purchased for P180,000 has an estimated life of 10 years and a residual value of P14,000. Depreciation for the second year of use, determined by the declining-balance method at twice the straight-line rate is P In Answering the question, please do not put " p.D Question 19 2 pts On January 2. 2020, a new machine was acquired for P400,000. The machine has estimated salvage value of P40,000 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). In Answering the question, please do not put " p", D Question 20 2 pts On January 1, 2020, Rezone Enterprises purchased natural resources for P12,000,000 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? In Answering the question, please do not put " p"