Reference no: EM133172866
Question - A firm is considering the purchase of a forty-year old building. The following pertinent data were provided:
Acquisition Cost P12,000,000
Economic Life (remaining) 10 years
Salvage value P200,000
Annual Rental Income P5,000,000
Annual Expenses P3,000,000
Net Income before Tax and Depreciation P2,000,000
Depreciation (straight line method) P1,000,000
Net Income before Tax P1,000,000
Income Tax (withheld by lessors) P50,000
Average net Annual Earnings P950,000
Required - Evaluate the proposal using the three basic methods.
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: A firm is considering the purchase of a forty-year old building. Acquisition Cost P12,000,000. Evaluate the proposal using the three basic methods
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