Valix Finacc vol 1 Problem 19-2

Financial Accounting Volume 1 2008 Valix-Peralta
Chapter 19 Problem 19-2

1. Appreciation (7,200,000 – 4,500,000)                                                                        2,700,000

2. Book value (4,500,000 – 900,000)                                                                              3,600,000

3. Depreciated replacement cost (7,200,000 x 80%)                                        5,760,000

4. Revaluation surplus (5,760,000 – 3,600,000)                                                  2,160,000