At the beginning of the current year, Township Company purchased for Php5,400,000, including appraiser's fee of Php50,000, a warehouse building and the land on which it is located. The following data...

At the beginning of the current year, Township Company purchased for<br>Php5,400,000, including appraiser's fee of Php50,000, a warehouse building<br>and the land on which it is located. The following data were available<br>concerning the property:<br>Current appraised Seller's<br>original cost<br>value<br>Land<br>2,000,000.00<br>1,400,000.00<br>Building<br>3,000,000.00<br>2,800,000.00<br>Total<br>5,000,000.00<br>4,200,000.00<br>Township should record the Land at:<br>

Extracted text: At the beginning of the current year, Township Company purchased for Php5,400,000, including appraiser's fee of Php50,000, a warehouse building and the land on which it is located. The following data were available concerning the property: Current appraised Seller's original cost value Land 2,000,000.00 1,400,000.00 Building 3,000,000.00 2,800,000.00 Total 5,000,000.00 4,200,000.00 Township should record the Land at:

Jun 11, 2022

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At the beginning of the current year, Township Company purchased for Php5,400,000, including appraiser's fee of Php50,000, a warehouse building and the land on which it is located. The following data...

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