10000 DecreaseP 2000 151 d Decrease in buildings account refer to No 73 P 2000

10000 decreasep 2000 151 d decrease in buildings

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__10,000 Decrease…………………………………………….P 2,000 151. d Decrease in buildings account (refer to No. 73)………… P 2,000 Less: Increase due to depreciation (P2,000/10)………… 200 Decrease in buildings accounts……………………………..P 1,800 152. d Decrease in buildings account (refer to No. 74)………… P 1,800 Less: Increase due to depreciation (P2,000/10)………… 200 Decrease in buildings accounts……………………………..P 1,600 153. a Increase in Equipment account: Fair value……………………………………………P 14,000 Book value………………………………………….. __18,000 Increase…………………………………………….P 4,000 154. a Increase in equipment account (refer to No. 76)………… P 4,000 Less: Decrease due to depreciation (P4,000/4)…………… 1,000 Increase in equipment accounts……………………………..P 3,000 155. a Increase in equipment account (refer to No. 77)………… P 3,000 Less: Decrease due to depreciation (P4,000/4…………… 1,000 Increase in equipment accounts……………………………..P 2,000 156. a Increase in Land account: Fair value……………………………………………P 12,000 Book value………………………………………….. 5,000 Increase…………………………………………….. P 7,000
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157. b – refer to No. 156, no depreciation/amortization 158. b – refer to No. 156, no depreciation/amortization 159. e Increase in Patent account: Fair value……………………………………………P 11,000 Book value………………………………………….. _ 0 Increase…………………………………………….P 11,000 (P234,000/90%) – (P160,000 + P80,000) = P20,000 – (P4,000 – P2,000 + P7,000) = P11,000. Partial or full-goodwill approach, the amortization remains the same. 160. e Increase in patent account (refer to No. 159)……………… P 11,000 Less: Decrease due to depreciation (P11,000/5).………… 2,200 Increase in patent accounts…………………………………. P 8,800 161. d Increase in patent account (refer to No. 160)……………… P 8,800 Less: Decrease due to depreciation (P11,000/5).………… 2,200 Increase in patent accounts…………………………………. P 6,600 162. c Fair Value of Subsidiary: Consideration Transferred (5,400 shares) P120,600 Less: Book value of SHE-S, 1/1: Common stock – S: P50,000 x 90% P 45,000 APIC – S: P15,000 x 90% 13,500 RE – S: P41,000 x 90% 36,900 95,400 Allocated Excess P 25,200 Less: Over/undervaluation of A & L: Increase in Inv. (P17,100–P16,100) x 90% P 900 Increase in Eqpt. (P48,000–P40,000) x 90% 7,200
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Increase in Patents (P13,000–P10,000) x 90% 2,700 10,800 Positive Excess: Goodwill P 14,400 Amortization of allocated excess - Starting January 1: Inventory: P1,000 / 1 year P 1,000 Equipment: P8,000 / 4 years 2,000 Patents: P3,000 / 10 years 300 P 3,300 163. c Common stock – S P 50,000 APIC – S 15,000 RE – S 41,000 Stockholders’ equity – Subsidiary, 1/1 P106,000 Add: Adjustments to reflect fair value 12,000 Fair value of Stockholders’ Equity – S, 1/1 P118,000 x: Non-controlling) interests 10 % Non-controlling Interests (in net assets) P 11,800 164. a – P48,000, parent only.
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