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what amount should this asset be measure in the company's statement of financial position? assuming the asset was sold after the end of the reporting
what amount should this asset be measure in the company's statement of financial position?
assuming the asset was sold after the end of the reporting period at P13,800,000 after incurring disposal cost of P1,950,000 how much is the gain/loss form disposal?
PROBLEM 12 A building owned and occupied previously by JKL Company was vacated and negotiated for a sale. The sale is highly probable and expected to be consummated within 6 months. The building had a cost of P30,000,000 and accumulated depreciation of P18,000,000. The fair value of the building was P12,000,000. The expected costs to sell was P2,250,000. What amount should this asset be measured in the company's statement of financial position? 7. Assuming the asset was sold after the end of the reporting period at P13,800,000, after incurring disposal cont of P1,950,000. How much is the gain/loss from disposal
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