52.

consolidated statement purpose, 2013 depreciation is based on the original amounts RP

1, 1 00,000P100,000) x 1/20 = P50,000]. Therefore, in the 12/31/013 consolidated statement of

financial position, the machine is shown at a cost of P1,100,000 less accumulated depreciation

of P300,000 (P250,000 + P50,000).

55.

PMN Corp. total comprehensive income P 85,000

SST Company total comprehensive 45,000

income
Total 130,000
Unrealized gain on sale of equipment ( 15,000)
Realized gain (P15,000/3 yrs.) 5,00

Total comp. income attributable to NCI: 0

SST Co. total comprehensive income P 45,000
Unrealized gain ( 15,000)
Realized gain 5,000
Adjusted total comprehensive income 35,000
NCI 40% (14,000)
P106,000
Consolidated total comprehensive income attributable to parent

56. The depreciation expense to be recorded by the buying affiliate (PP Inc.) is based on the

selling price of the truck as computed below:

Gain on sale of truck P 12,000

Book value of truck, 1/1/013:

Cost P100,000
Accumulated dep'n (100,000/10) x6 60,000 40,000
Selling price of the truck P 52,000
Divide by the remaining life 4 years
Depreciation recorded by PP Inc P13,000

57.
Share in Sally's income (P262,500 x 80%) P210,000
Unrealized gain (P90,000 S P50,000) ( 40,000)
Realized gain, 12/31/011 (P40,000 5) x 9/12 6,000
P176,000
Investment Income account balance, 12/311013

58.
Peter total comprehensive income from own P

operations 500,000
Investment Income, 12/31/013 176,000
consolidated total comprehensive income attributable P

to parent 676,000

Alternative computations?