23 to 41

Complete the table below using the given informations.

23 to 41 You have been assigned to prepare the schedule of property, plant, and equipment for ABC Corp. on Dec 31, 2020. In the course of your work, you have assembled the following information: Depreciable Acquisition Cost Residual Useful Asset Date Value Depreciation Method Life(yrs) Building A Oct 1, 2015 P4,000,000 25 Straight line Building B Apr. 1, 2016 6,000,000 300,000 30 Straight line Machinery A Oct. 1, 2015 1,000,000 100,000 10 150% declining balance Machinery B Jan 1, 2016 900,000 80,000 5 Double declining balance Equipment A Jan. 1, 2016 400,000 40,000 7.5 SYD Equipment B Apr 1, 2017 190,000 25,000 5 SYD Additional Information: 1. Machinery B is retired from use on October 31, 2020 and sold for P90,000. A replacement machinery was purchased on Nov. 1, 2020 for P980,000. It will be depreciated based on a 5-year estimated useful life and P50,000 estimated residual value using the double declining balance method. 2. On Dec 31, 2019, it is determined that the estimated remaining life of Machinery A is 4 years and that the revised estimated residual value is P50,000. In addition, the depreciation method is changed to straight line method. Determine the depreciation for the year 2020 of: 23. Machinery A 24. Machinery B 25. Replacement Machinery for Machinery B 26. Building A 27. Building B 28. Equipment A 29. Equipment B Complete the following schedule of PPE on Dec. 31, 2020: Accumulated Depreciation Carrying Amount Building (34) [38] Machinery (31) (35) (39) Equipment (32) [36] (40) Totals [33] [37] (41) Cost (30) LL 21YIS 2