show me the solution thankssss Property, Plant and Equipmentcontract to a contractor. The initial cost of the building willapter 10Plant and EquipmentProperty,287Entity A acquires 5 motor vehicles for a package price ofP10M, In conjunction with the purchase, the supplier providesEntity A a promotional item of 1 motor vehicle which is thesame as those acquired. The fair value the motor vehicle isP2M. Which of the following statements is correct?a. For individual costing purposes, the cost of each motorvehicle acquired is P2,000,000.b. For individual costing purposes, the cost of each motorvehicle acquired is P1,666,667.C. The promotional item is recognized as gain equal to fairvalue.d. band cstics off goodsS, or foreportingQurse ofmition ofEhnty A acquires a building by awarding a constructionContract to a contractor The initial cost of the building wihmost likely ho geneduring testingC.7. Entity A acquires a builEmployee benefits arising directly from the acquisition ofPPEset is ideEntity A acquires 5 motor vehicles for a package price of6.P10M. In conjunction with the purchase, the supplier providesthe pendassfiedEntity A a promotional item of 1 motor vehicle which is not ofthe same type as those acquired. The fair value the motorvehicle is P2M. Which of the following statements is correct?a. For individual costing purposes, the cost of each of the 5motor vehicles is P1,600,000.25.00b. For individual costing purposes, the cost of each motorvehicle acquired is P1,666,667. oC. The promotional item is recognized as gain equal to fairvalue.taken ond. a and cthrough self-construcThe initial costEntity A acquires a buil

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/ Entity A acquires 5 motor vehicles for a package price of P10M, In conjunction with the purchase, the supplier provides Entity A a promotional item of 1 motor vehicle which is the same as those acquired. The fair value the motor vehicle is P2M. Which of the following statements is correct? a. For individual costing purposes, the cost of each motor vehicle acquired is P2,000,000. b. For individual costing purposes, the cost of each motor vehicle acquired is P1,666,667. C. The promotional item is recognized as gain equal to fair value. d. b and c