Julie Co. incurred the following expenditures in establishing its taxi business in a local city: Date May 1, 2021 June 30, 2021 VIOS VI General start-up costs PIOS\I\I Legal costs directly attributable to the 150 acquisition of the taxi licenses 100,000 Payment to the taxi licensing authority for the taxi licenses, including P10,000 refundable be purchase taxes els beniupos ti nedw Printing business cards of the driversides Payment for an advertisement to be published 100 020,000 000,00 every day for the next 12 months in a local daily instaq newspaper atssy di At December 31, 2021, Julie Co. made the following assessments: Economic life of the taxi license: five years from June 30, 2021 (the da acquisition)pler • pup subinh raid bing Residual value of the taxi licenses: nil bor June 30, 2021 000,0039.101 July 1, 2021 July 1, 2021 Amount Additional information P1,500 7,000 ● The entity expects to consume the taxi licenses' future economic bene evenly over five years from the date of acquisition There is no indication that the taxi licenses might be impaired. The tax A 000 drivers own their own vehicles which they operate under Julie Co.'s ta 100 licenses. 7600 horummg Questions: Based on the above, compute for the following: 1. Cost of intangible assets at initial recognition 127 000 249 a. $7,000 b. P107,000 c. P90,000 d. P97,000 эпой б 2. Amortization in 2021 d. $7,000 b. P9,000 a. $6,300 b. P96,300 P11,200 a. b. $21,300 a. b. misto 000.9890 000, r 3. Carrying amount of intangible assets as of December nemesi olisque c. P87,300 d. P81,000 c. P9,700 d. P10,700 $49,000 P74,900 .000,006, 1 avbda srli nu bases Sonetthoms so 75000,029,568 13 000.89 d 0000589 000,0019 b 4. Total expenses in 2021 relating to establishment of taxi business nuoma pity ESOS 17156799 19 P112,300000.0089 000,00 $4 5. Carrying amount of intangible assets as of December 31, 2022 194 10 25 40 gising c. P63,000 gigs lop? d. P67,900 000,000.54 000,808.59 c. P32,300 d. tollestrom w#000,084prist 37,503 980M, 6nd st 2014 A 000,089 .6