Reference no: EM132697774
An entity has in its records:
Land held for long term capital appreciation, P2,000,000;
Land held for undetermined use, P2,000,000;
Property rented by employee (the employee pay rent), P2,000,000;
Owner occupied property awaiting disposal, P2,000,000;
Building that is vacant but is held to be leased out under operating lease, P2,000,000;
Property being constructed on behalf of third parties, P2,000,000;
Property leased to another entity under finance lease, P2,000,000;
Property that is being constructed for future use owner occupied property, P2,000,000.
Problem 1: How much is the total investment property?
Group of answer choices
Option 1: 8,000,000
Option 2: 10,000,000
Option 3: 6,000,000
Option 4: 12,000,000
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