User Account

All Pages

Discuss the accounting treatment for the investment property

Assignment Help Accounting Basics
Reference no: EM133176614

Question - On 1 January 2020, Samsin Bhd acquired an investment property at a cost of RM5,000,000. Legal and other expenses amounted to RM250,000 incurred in relation to the purchase of property. At the end of the second quarter, an independent assessor valued the property at RM6,000,000. The economic life of the property is 20 years.

Required - Discuss the accounting treatment for the investment property for the year ended 31 December 2020 if Samsin Bhd has adopted the fair value model.

Reference no: EM133176614

Questions Cloud

Calculate the break-even point in units and sales dollars : Management is considering the following course of action to increase operating income: reduce the selling price by 20%, Calculate the break-even point in units
How many shares can she purchase as a result of the dividend : If Sally elected to take part in the DRIP program, how many shares can she purchase as a result of the dividend
How much would she have to invest to have : Lashonda needs to invest to help with her child's college fund. How much would she have to invest to have $89,600 after 12 years
What amount of annual contributions to the retirement fund : What amount of annual contributions to the retirement fund are required for to achieve her objective and sleep well at night
Discuss the accounting treatment for the investment property : Discuss the accounting treatment for the investment property for the year ended 31 December 2020 if Samsin Bhd has adopted the fair value model
Description of a hypothetical organization : 1. Provide a brief description of a hypothetical organization and explain the three key inputs (or environmental types) that affect the way such organization co
Explain what a conflict of interest is : Explain what a conflict of interest is. Explain in some detail (enough so that someone unfamiliar with the situation could come to understand the main points) t
Calculate the value of the inventory at the lower of cost : Waterway's current inventory includes 90 units purchased at $106 per unit. Calculate the value of the inventory at the lower of cost and net realizable value
Challenging assumptions and not accepting statements : Evaluating evidence with a careful consideration of its standing and value and Selecting the important attributes of a situation and prioritising them

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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