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How much is the cost of computer on december statement

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On September 1, 2020, LKLD Co. acquired a computer for $100,000 when the exchange rate is P1= $20. LKLD Co. reported foreign exchange loss of P15,000 in its 2020 financial statement and P10,000 foreign exchange gain in its 2021 financial statements.

Problem 1: How much is the cost of computer on December 31, 2021 statement of financial position?

Group of answer choices

a. P2,000,000

b. P20,000

c. P10,000

d. P5,000

Reference no: EM132769351

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