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13. PERAM BULATE STRCILL Co. is a commercial leasing and nance company. As of year-end, PERAMBULATE holds equipment that is available either for sale or lease. PERAMBULATE is not yet decided whether to sell or lease the equipment. The equipment has a carrying amount of 1,000,000 fair value of 1,200,000 and costs to sell of 50,000. How should PERAMBULATE Co. classify the equipment? a mwmmmLmncm b. Investment property, 1,250,000 c. Held for sale, 1,150,000 d. Held for sale, 1,000,000 14. A VAT registered Taxpayer made the following sale during the taxable year: Sale to 0.5 paid for $200,000 Sale to France paid for Php 2,500,000 Sale to Germany for US $60,000 Sale to Manila for $20,000 All amounts are exclusive of VAT. How much is the zerorated sale [in Philippine Peso} from the above transactions? 105$=Php50 a. 13,033,030 0. 14,000,000 c. 10,500,030 d. 15,500,000 15. A VAT registered taxpayer recorded the following during the month: Sales- merchandise 300,000 Sales- unprocessed meat and milled rice 80,000 Rent inoome commercial space [10,000funit] 50,000 Rent income residential units [12,000funit} 40,000 Purchases- Merchandise 150,000 Purchases- Unprocessed meat and milled rice 50,000 All amounts are exclusive of VAT What is the amount of output VAT? a. 48,0\") 0. 24,000 c. I'13-,200 d. 36,000 16. A VAT registered taxpayer recorded the following during the month: Sales- merchandise 300,000 Sales- unprocessed meat and milled rice 80,000 Rent income commercial space [10,000funit] 50,000 Rent inoome residential units [12,000funit} 40,000 Purchases- Merchandise 150,000 Purchases- Unprocessed meat and milled rice 50,000 All amounts are exclusive of VAT What is the VAT payable? a. 12,000 0. 30,000 c. 15,200 d. 36,000