As of December 31, 2020, Casablanca Corporation reported the following items in its balance sheet: Cash P240,000 ; Receivables P520,000 Inventory P350,000; Property and Plant P3,000,000; Equipment P850,000; Accounts payables P400,000; short-term notes payables P500,000; long-term debt P1,000,000; Weighted average of outstanding share in 2020- 250,000. Casablanca Corp. contracted with a third party appraiser to determine how much is the replacement cost of its assets. Based on the report of the appraiser, the property and plant has replacement cost of 125% of its reported value. On the other hand, the equipment only commands replacement cost of 70% of its value. According to the appraiser, the equipment was designed using an old technology thus the lower replacement cost. Other assets and liabilities are valued fairly.---- How much is the none-current asset reflected in the books of Casablanca Corporation as of December 31, 2020? how much is the book value per share of Casablanca Corporation as of December 31, 2020?
As of December 31, 2020, Casablanca Corporation reported the following items in its
How much is the none-current asset reflected in the books of Casablanca Corporation as of December 31, 2020?
how much is the book value per share of Casablanca Corporation as of December 31, 2020?
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