Determining the fair value of an investment property

Assignment Help Accounting Basics
Reference no: EM132699309

Problem 1: Gain or loss from disposal of investment property is the difference between the

Group of answer choices

Option 1: Gross disposal proceeds and carrying amount of the asset.

Option 2: Gross disposal proceeds and fair value of the asset.

Option 3: Net disposal proceeds and carrying amount of the asset.

Option 4: Fair value and carrying amount of the asset.

Problem 2: Which of the following statements is incorrect in determining the fair value of an investment property?

Group of answer choices

Option 1: An entity shall determine the fair value of investment property by deducting transaction cost that may be incurred upon disposal.

Option 2: The fair value of investment property excludes prepaid or accrued operating lease income.

Option 3: If an office is leased on a furnished basis, the fair value of the office generally includes the fair value of the furniture because the rental income relates to the furnished office.

Option 4: The fair value of investment property shall reflect market conditions at the end of the reporting period.

Reference no: EM132699309

Questions Cloud

Which statement is incorrect concerning presentation : Which statement is incorrect concerning presentation of noncurrent asset or disposal group classified as held for sale? An entity shall present a noncurrent
How does the case still affect you and your practice : How does this case still affect you and your practice? What steps have you taken to overcome the stress of this event? (Remember to protect patient privacy).
Which the hotel is classified as : If an entity owns and manages a hotel, services provided to guests are a significant component of the arrangement as a whole. Which the hotel is classified as
Consider of the security in case of single asset : As an investor, during our risk consideration, What do we consider of the security in case of single asset -Standard deviation or Beta?
Determining the fair value of an investment property : Which statements is incorrect in determining the fair value of an investment property? An entity shall determine the fair value of investment property
Describe how the intervention would be evaluated : Create a professional presentation of your evidence-based intervention and change proposal to be disseminated to an interprofessional audience of leaders.
What did tread company report for net income : The Tread Company's December 31 financial statements reported the following (in millions): Sales $30,316. What did Tread Company report for net income
Which the investment property shall be measured at : When an investment property under construction is completed and to be carried at fair value, the difference between the carrying amount and fair value shall be
Describe six sources of internal evidence : Describe the eight steps to integrating evidence-based practice into the clinical environment. What barriers might you face in implementing a new practice.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd