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I would like an accurate answer with a solution to this problem. Thank you. The...

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Accounting

I would like an accurate answer with a solution to this problem. Thank you.

The historical cost and the carrying value of Blue Corporations building is P5,500,000 and P3,500,000 respectively. It is 40% depreciated. If the replacement cost per square foot is P4,000 and the building is 1,500 square feet, what is the sound value of the building?

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