D. Staples Company operates in a hyperinfiationary economy. Its building has coying amount of P1,000.000 on December 31, 2022. The building was acquired on June 21, 2020. The general price indices are as follows: June 21, 2020 100 December 31, 2021 150 Averoge - 2022 180 December 31, 2022 200 Required: Show your solution. 1. Compute for the building's restated amount on December 31, 2022. 2. Assume that the building is P200,000, Compute for depreciation's restated amount on December 31, 2022. 3. Assume further that the comying amount of the building is P1,200.00 on December 31, 2021. Compute forthe building's restatedamount on December 31, 2022.

D. Staples Company operates in a hyperinfiationary economy. Its building has coying amount of P1,000.000 on December 31, 2022. The building was acquired on June 21, 2020. The general price indices are as follows: June 21, 2020 100 December 31, 2021 150 Averoge - 2022 180 December 31, 2022 200 Required: Show your solution. 1. Compute for the building's restated amount on December 31, 2022. 2. Assume that the building is P200,000, Compute for depreciation's restated amount on December 31, 2022. 3. Assume further that the comying amount of the building is P1,200.00 on December 31, 2021. Compute forthe building's restatedamount on December 31, 2022.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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