Problem 3: Sound Value – Unit-in-place Method and Liquidation Value Green Resto Inc. constructed a separate open-air dining area five years ago. It has the following components and cost to reproduce. Square Foot Cost to Reproduce P 3,000 Component Foundation 300 Floor 460 1,000 Walls 140 1,200 Ceiling Water, electrical and heating system 150 1,800 50 900 Component Square Foot Current Value of Land Land where the building is constructed on 300 P 4,000 Open spaces It has 15 years left of its useful life. If sold today, it would cost Green P400,000 to dispose. 500 5,000

Problem 3: Sound Value – Unit-in-place Method and Liquidation Value Green Resto Inc. constructed a separate open-air dining area five years ago. It has the following components and cost to reproduce. Square Foot Cost to Reproduce P 3,000 Component Foundation 300 Floor 460 1,000 Walls 140 1,200 Ceiling Water, electrical and heating system 150 1,800 50 900 Component Square Foot Current Value of Land Land where the building is constructed on 300 P 4,000 Open spaces It has 15 years left of its useful life. If sold today, it would cost Green P400,000 to dispose. 500 5,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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