Question: CAN YOU SHOW ME THE SOLUTION HOW THEY GET THE ANSWER. NUNBER 5 ONLY PLSSS ?? 5. Jardine Company had the following loans outstanding during

CAN YOU SHOW ME THE SOLUTION HOW THEY GET THE ANSWER. NUNBER 5 ONLY PLSSS ??

CAN YOU SHOW ME THE SOLUTION HOW THEY GET THE ANSWER. NUNBER

5. Jardine Company had the following loans outstanding during 2010 and 2011 Specific construction loan P2,000,000 15% General loan 15,000,000 12% The entity began the self-construction of a building on January 1, 2010 and was completed on December 31, 2011. The following expenditures were made during 2010 and 2011: January 1, 2010 P2,000,000 July 1, 2010 4,000,000 November 1, 2010 3,000,000 July 1, 2011 1.000.000 P10,000,000 1. What is the cost the building on December 31, 2011 a. P10,000,000 b. P11,872,000 c. P11,800,000 d. P11,812,000 2. What is the cost of building, assuming the building was completed on August 31, 2011? a. P11,428,000 b. P11,842,000 c. P11,388,000 d. P11,585,000

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