Pls. Answer the fill-in the blanks items. Round-off your final answers to the nearest peso.

1.

RE university had the following major capital expenditures during the year: 1. RE paid the 10M contract price ofa building which was completed in the middle of the year. The building is expected to be used for 50 years with 1M residual value. RE expensed the entire amount 2. RE spent 1,200,000 repair which was completed at the end of the rst quarter on another building. At the start of the year, the building had a book value of 12,000,000 and a remaining useful life of 40 years. After the repair, the building was appraised at 15,000,000 3. RE paid 1,000,000 for a license to use a computer software intended for learning management for 10 years Compute for the deductible depreciation expense. P Tonio Corporation had the following interest expenses dun'ng the period: Interest on borrowings from Ayala Corp, a sister company\":r Interest paid to preferred shareholders Interest on tax delinquencies Interest on borrowing on a machinery which is currently depreciated at its acquisition cost Compute for the deductible Interest expense. P l