Uy Company acquired a tract of land on which was located an office building, a warehouse, and manager's residence for a lump sum of P49,500,000. The following data were taken relative to these assets....


Uy Company acquired a tract of land on which was located an office<br>building, a warehouse, and manager's residence for a lump sum of<br>P49,500,000. The following data were taken relative to these assets.<br>2-2.<br>Vendor's<br>Appraised Value<br>P21,875,000<br>20,000,000<br>9,375,000<br>5,000,000<br>P56,250,000<br>Original Cost<br>P 17,500,000<br>18,000,000<br>10,000,000<br>4,500,000<br>P50.000,000<br>Land<br>Office building<br>Warehouse<br>Manager's residence<br>Shortly after acquisition, modifications were made on the office<br>building at a cost of P1,200,000.<br>REQUIRED:<br>What costs should be assigned to the land, office building, warehouse<br>and manager's residence, respectively?<br>

Extracted text: Uy Company acquired a tract of land on which was located an office building, a warehouse, and manager's residence for a lump sum of P49,500,000. The following data were taken relative to these assets. 2-2. Vendor's Appraised Value P21,875,000 20,000,000 9,375,000 5,000,000 P56,250,000 Original Cost P 17,500,000 18,000,000 10,000,000 4,500,000 P50.000,000 Land Office building Warehouse Manager's residence Shortly after acquisition, modifications were made on the office building at a cost of P1,200,000. REQUIRED: What costs should be assigned to the land, office building, warehouse and manager's residence, respectively?

Jun 11, 2022
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