1. What is the carrying amount of the biological assets on December 31? а. 3,160,000 b. 2,350,000 c. 2,800,000 d. 2,380,000 What amount should be reported as gain from change in fair value attributable to price change? a. 810,000 b. 450,000 c. 360,000 d. 0. 3. What amount should be reported as gain from change in fair value attributable to physical change? а. 810,000 b. 450,000 c. 360,000 d. 700,000
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1. What is the carrying amount of the biological assets on December 31?
а. 3,160,000 b. 2,350,000 c. 2,800,000 d. 2,380,000
What amount should be reported as gain from change in fair value attributable to price change?
a. 810,000 b. 450,000 c. 360,000 d. 0.
3. What amount should be reported as gain from change in fair value attributable to physical change?
а. 810,000 b. 450,000 c. 360,000 d. 700,000
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- Required information [The following information applies to the questions displayed below] One Stop Copy purchased a new copy machine. The new machine cost $138,000 including installation. The company estimates the equipment will have a residual value of $34,500, One Stop Copy also estimates it will use the machine for four years or about 8,000 total hours. Actual use per year was as follows: Year 1 Year 1 2 3 4 Total 2 3 4 Hours Used 2,000 2,000 2,000 3,600 3. Prepare a depreciation schedule for four years using the activity-based method. (Round your "Depreciation Rate" to 3 decimal places and use this amount in all subsequent calculations. Round answers to the nearest whole dollar.) ONE STOP COPY Depreciation Schedule Activity Based End of Year Amounts Depreciation Expense Accumulated Depreciation Book Value7. Seri Kayangan Local City Council intends to buy a garbage truck to replace the broken old truck. There are two alternatives that is mutually exclusive for the garbage truck and the details information regarding this are shown in the table below: Alternative X Alternative Y 60,000 Cost and Sales Items 9,500 Initial Cost, RM Operation and Maintenance Cost per month, RM Repair cost for every 2 years, RM Repair cost for every 4 years, RM Salvage value, RM Lifespan, Year 1,500 1,700 5,000 7,000 7,000 10,000 3 (i) Do the evaluation on both alternatives using Present Worth (PW) method. Assume the interest for the loan is 12% compounded every month. (ii) Determine which alternative is the best alternative to be selected.RLC Manufacturing is planning to purchase a cutting equipment. Information are as follows: Equipment 1 Equipment 2 First Cost P 12,000 P 18,000 Salvage Value P 600 P 2,000 Annual Operation P 3,200 P 2,500 Annual Maintenance P 1,200 P 1,000 Taxes & Insurance 3% 3% Life, years 10 15 Money is worth at least 16%. Which equipment should be selected? Use: Annual Cost Method