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Comprehensive Problem

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mohamadcasir21
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4 views

Comprehensive Problem

Uploaded by

mohamadcasir21
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Amount (in Appropriated

Year Account Title Php) Relative Values Ratio Cost


Land 5,200,000 Land 6,500,000 65% 5,200,000
Building 1,910,000 Building 2,500,000 25% 2,000,000
Accumulated Depreciation - Building 90,000 Land Improvements 1,000,000 10% 800,000
2021 Land Improvements 720,000 10,000,000 8,000,000
Accumulated Depreciation - Land Improvements 80,000
Equipment 0
Accumulated Depreciation - Equipment 0
Land 5,200,000 Equipment Depreciation
Building 1,730,000 Invoice Price 650,000 Depreciation Rate
Accumulated Depreciation - Building 270,000 Freight 125,000 Depreciation Expense, 2022
2022 Land Improvements 560,000 Installation 140,000
Accumulated Depreciation - Land Improvements 240,000 Equipment Cost 915,000
Equipment 704,550
Accumulated Depreciation - Equipment 210,450
Land 3,500,000
Building 1,865,000 Building Equipment Depreciation
Accumulated Depreciation - Building 450,000 Cost 2,000,000 Depreciation Expense, 2023
2023 Land Improvements 400,000 Accum. Depr. 450,000
Accumulated Depreciation - Land Improvements 400,000 Carrying Amount 1,550,000
Equipment 549,000 Improvements 315,000
Accumulated Depreciation - Equipment 366,000 Adj. Carrying Amt. 1,865,000
Land 3,500,000 Building Carrying Amt. 1,865,000 *exchange - commercial subs
Building 1,643,000 Salvage Value 200,000 Value of New Equipment
Accumulated Depreciation - Building 672,000 Adj. Depreciable Amt. 1,665,000 Revised Depreciation Rate
2024 Land Improvements 240,000 Bldg. Remaining Life 7.50 Depreciation Expense, 2024
Accumulated Depreciation - Land Improvements 560,000 Adj. Depreciation 222,000
Equipment 325,000
Accumulated Depreciation - Equipment 175,000
Land 5,200,000
Building 1,421,000 Land Impmnt. CA 240,000

2025
Accumulated Depreciation - Building 894,000 Adj. Remaining Life 2 Depreciation Expense, 2024
2025 Land Improvements 120,000 Adj. Depreciation 120,000
Accumulated Depreciation - Land Improvements 680,000
Equipment 140,000 Land - reversal of loss up until original cost only
Accumulated Depreciation - Equipment 360,000
Annual Depreciation
Depreciation Expense, 2021

180,000 90,000
160,000 80,000

pment Depreciation
reciation Rate 18.30
reciation Expense, 2022 210,450

pment Depreciation
reciation Expense, 2023 155,550

hange - commercial substance


e of New Equipment 500,000
sed Depreciation Rate 20.00
reciation Expense, 2024 175,000
reciation Expense, 2024 185,000
Account Title 2021 2022 2023
Land 5,200,000 5,200,000 3,500,000
Building 1,910,000 1,730,000 1,865,000
Accumulated Depreciation - Building 90,000 270,000 450,000
Land Improvements 720,000 560,000 400,000
Accumulated Depreciation - Land Improvements 80,000 240,000 400,000
Equipment 0 704,550 549,000
Accumulated Depreciation - Equipment 0 210,450 366,000
2024 2025
3,500,000 5,200,000
1,643,000 1,421,000
672,000 894,000
240,000 120,000
560,000 680,000
325,000 140,000
175,000 360,000

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