What is the sound value of this building?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
ABC Corporation owns a building that has an area of 5,000 square meters.
The revaluation of this asset was made based on the following:
| Particulars | Square Meters | Replacement Cost per Square Meter |
| Walls | 300 | 4500 |
| Office Floor Space | 800 | 3000 |
| Pipes, Wirings, AC Area | 400 | 5600 |
ABC has
What is the sound value of this building?
a. P1,497,500
b. P1,587,500
c. 1,372,500
d. 1,462,500
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