Answered: January 1, 2021, 1,000,000 on June 30,…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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On January 1, 2021, John Kyle Corporation acquired land that will be used for management's office. This land cost 1,000,000. The entity borrowed 2,000,000 with an annual interest of 10% specifically for the construction of the office building and 5,000,000 with an annual interest of 12% for general purpose. The company's capital expenditure amounts to 2,000,000 on January 1, 2021, 1,000,000 on June 30, 2021, 800,000 on September 30, 2021 and 1,000,0000 on January 1, 2022. The construction of the new building ended at June 30, 2022. What is the carrying amount of PPE in December 31, 2021? * a. P5,070,000 b. P5,124,000 c. P5,216,000 d. P5,084,000

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