Problem 3: Sound Value - Unit-in-place Method and Liquidation Value Green Resto Inc. constructed a separate open-air dining area five years ago. It has the following components and cost to reproduce. Component Square Foot Cost to Reproduce Foundation 300 P 3,000 Floor 460 1,000 Walls 140 1,200 Ceiling 150 1,800 Water, electrical and heating system 50 900 Component Square Foot Current Value of Land Land where the building is constructed on 300 P 4,000 Open spaces 500 5,000 It has 15 years left of its useful life. If sold today, it would cost Green P400,000 to dispose