ASSIGNMENT#3:

1.
Liquidation Value= Sale of Assets Upon Liquidation-Payment for Liabilities -
Liquidation costs

Given:
Sale of Assets Upon Liquidation P3,000,000
Payment for Liabilities: P2,000,000
Liquidation costs P500,000

Liquidation Value= P3,000,000-P2,000,000-P500,000

Liquidation Value= P500,000

2.
Liquidation Value= Sale of Assets Upon Liquidation-Payment for Liabilities -
Liquidation costs

Given:
Sale of Assets Upon Liquidation P600,000
Payment for Liabilities: P500,000
Liquidation costs P0

Liquidation Value= P600,000-P500,000-P0

Liquidation Value= P100,000

Assets:
CA-Cash P50,000
NCA-Building P800,000
Total Assets P850,000