BCareful incurred the following expenditures in 2020: Purchase of land P15,600,000 Land survey 208,000 Fees for search of title for land 24,000 Building construction permit fee 140,000 Temporary quarters for construction workers 430,000 Payments to tenants of the old building 184,000 Cost to raze the old building 940,000 Excavation of land 400,000 Special assessment of the government for road projects 80,000 Dividends that should have been earned had the money used for construction been invested in equity instruments 200,000 Damages awarded to injuries sustained in construction where no insurance is carried 336,000 Cost of construction 78,000,000 Cost of paving parking lot, driveway and sidewalks 1,600,000 Profit on construction, as the difference between the appraised value of the asset after construction and actual costs incurred 1,900,000 List price of machinery and equipment purchased 4,567,000 Cash discount not taken on the machinery and equipment purchased 127,000 Cost of freight and handling 50,000 Cost of testing the equipment 125,000 Additional information: A portion of the building site had been temporarily used by University of Iloilo to operate a car park while the building was being constructed. A total of P650,000 was earned by the University from this incidental activity. Proceeds from sale of produce from testing done on the machinery and equipment amounted to P65,000. How much is the cost of land, building and machinery, respectively?Group of answer choices P15,832,000; P80,094,000; P4,615,000 P15,912,000; P80,094,000; P4,550,000 P16,312,000; P76,694,000; P4,677,000 P15,912,000; P81,044,000; P4,677,000

BCareful incurred the following expenditures in 2020: Purchase of land P15,600,000 Land survey 208,000 Fees for search of title for land 24,000 Building construction permit fee 140,000 Temporary...

BCareful incurred the following expenditures in 2020:

Purchase of land	P15,600,000
Land survey	208,000
Fees for search of title for land	24,000
Building construction permit fee	140,000
Temporary quarters for construction workers	430,000
Payments to tenants of the old building	184,000
Cost to raze the old building	940,000
Excavation of land	400,000
Special assessment of the government for road projects	80,000
Dividends that should have been earned had the money used for construction been invested in equity instruments	200,000
Damages awarded to injuries sustained in construction where no insurance is carried	336,000
Cost of construction	78,000,000
Cost of paving parking lot, driveway and sidewalks	1,600,000
Profit on construction, as the difference between the appraised value of the asset after construction and actual costs incurred	1,900,000
List price of machinery and equipment purchased	4,567,000
Cash discount not taken on the machinery and equipment purchased	127,000
Cost of freight and handling	50,000
Cost of testing the equipment	125,000

Additional information:

A portion of the building site had been temporarily used by University of Iloilo to operate a car park while the building was being constructed. A total of P650,000 was earned by the University from this incidental activity.

Proceeds from sale of produce from testing done on the machinery and equipment amounted to P65,000.

How much is the cost of land, building and machinery, respectively?

Group of answer choices

P15,832,000; P80,094,000; P4,615,000

P15,912,000; P80,094,000; P4,550,000

P16,312,000; P76,694,000; P4,677,000

P15,912,000; P81,044,000; P4,677,000

Jun 09, 2022