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Calculate the cost of the property allocated to investment

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Reference no: EM132962844

Problem 1: Sugar & Spice Bhd purchases a building at a cost of RM2,000,000, not including legal fees of RM100,000. The building consists of 10 floors of equal space. Sugar & Spice Bhd utilizes 3 floors for its administration and business operations purposes. The remaining balance of the floors are let out to tenants. The portion of the buildings cannot be sold separately. Calculate the cost of the property allocated to investment property on initial recognition.

a) RM1,470,000.

b) RM1,400,000.

c) RM2,100,000.

d) Nil.

Reference no: EM132962844

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