Transcribed Image Text: 20. The comparative statements of financial position of Andant a. 689,018 position of Andan Date: Aug 20. The comparative statements of financial Co. show the following information:

Transcribed Image Text: 20. The comparative statements of financial position of Andant
a. 689,018
position of Andan
Date: Aug
20. The comparative statements of financial
Co. show the following information:
20×2
AR
20×1
2,500,000 1,000,000
Buildings
Accumulated depreciation
PROJE
(200,000)
(200,000)
LOCAT
OWNE
During 20×2, Andante Co. sold an old building with historical cost
of P800,000 for P260,000 and appropriately recognized a loss of
P40,000 on the sale. How much are the (1) cost of acquisitions of
building and (2) depreciation expense recognized in 20×2?
a. 2,300,000; 0
b. 2,300,000; 500,000
ARCHI
Dear S
c. 1,500,000; 0
d. 1,500,000; 200,000
Archite
STOP
at
profes

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