Please help me answer the following problems with wolution amd explanation, thank you

On January 1 , 2018 EXO Inc. purchased a machine for 300,000 in exchange for a note. The prevailing note of interest of this type is 10%. The new machine was damaged during installation and repair cost amounted to 30,000 SCENARIO 1. Assume that the machine has an available cash price of 319,016. The note is bearing interest at 12% rate while the prevailing rate of interest of a note of this type is 10%. ( The PV of the note using the prevailing interest rate for 4 years is also 319,016) Answer: SCENARIO 2. Assume instead that the machine has no available cash price and that the note is a non- interest bearing requiring 4 equal annual payments of 75,000. The first payment was made on Dec 31, 2018 and the other is due annually on December 31. Answer: 2Problem 1 On March 1 , 2020, BTS co. acquired land and building by paying 6 million and assuming a mortgage of 2 million pesos. Other cost includes Special Assessment 100,000 Cost of relocation to acquire the properties 150,000 Materials, labor and overhead for constructing the new building 2,000,000 Cost of option of the land not acquired 75,000 Cost of Grading, leveling of the land 50,000 Driveway, parking lot and safety lighting 500,000 Saving on construction 600,000 Requirement: If the old building will be demolished to start the construction of new building on Dec 10, 2020 how much is the cost of Land, Old building and New Building given the following scenario. 1. The fair value of the land and building is 4,000,0000 and 1,000,000 respectively 2. The fair value of the building is insignificant Solution: SCENARIO 1 Land Old Building New Building Puchased Price Special Assessment Relocation Cost Construction Cost Cost of grading, leveling SCENARIO 2 SCENARIO 1 Land Old Building New Building Puchased Price Special Assessment Relocation Cost Construction Cost Cost of grading, leveling 1On January 1 of the current year, BTS. Inc. traded in an old machine for a newer model. Data relative to the old and new machines follow: Old Machine Original Cost 1,000,000 Accumulated Depreciation, Jan1 800.000 Average published retail value 270,000 New Machine List Price 1,2000,00 Cash Price without Trade in 950,000 Cash price with trade in 800,000 The FV of asset given up is not available. So compute for FV of asset received 1. How much should BTS Inc. record the asset? 2. How much is the gain or loss on trade in?Problem Building Constructed by Building Constructed for own Clients use Direct Materials 50,000,000 8,000,000 Direct Labor 45,000,000 5,000,000 Total overhead incurred during the current year amounted to 40,000,000. The company normally applies overhead to production at the rate of 90% of direct labor cost. Determine the cost of the building constructed for clients and constructed for own use: 1) Overhead is charge to normal operations and to building for own used based on direct labor 2) Overhead is charge at its normal rate based on direct labor and any incremental overhead is charged to building for own use. Solution Building Constructed by Building Constructed for own Clients use Direct Materials Direct Labor Overhead TOTAL Cost Building Constructed by Building Constructed for own Clients use Direct Materials Direct Labor Overhead Total Cost Note: The cost of borrowing is included in the cost of self-constructed asset if it meets the criteria for recognition of interest as component of the CA as provided in IAS23, Borrowing Cost. 5RM Company and Suga Inc. exchanged equipment. The following data are available on the exchange: RM SUGA Equipment (Cost) 500,000 300,000 Accumulated Depreciation 300,000 50,000 FV of equipment 180,000 220,000 Cash paid by Garry (payor) to 40,000 40,000 David (recipient) The configuration (risk, timing, and amount) of the cash flows of the equipment are determined to be significantly different 1) How much should RM record the asset? 2) How much gain or loss on exchange of RM? 3) How much should Sugg record the asset? 4) How much is gain or loss on exchange? SCENARIO 2. (If lacks commercial substance). The configuration (risk, timing, and amount) of the cash flows of the equipment are determined to be insignificantly different 1) How much should RM record the asset? 2) How much gain or loss on exchange of RM? 3) How much should SUGA record the asset? 4) How much is gain or loss on exchange? 3