User Account

All Pages

Is a warehouse owned by connect ltd and rented out to star

Assignment Help Accounting Basics
Reference no: EM132482714

Indicate if the following items are to be classified as investment properties in the company's accounts.

State Yes or No in the box below.

Question (i) A commercial property that is currently owned by Connect Ltd and rented to an events management company under a finance lease. (Yes or No)

Question (ii) A building currently under construction by Connect Ltd. Upon completion, the company plans to use it for warehousing. (Yes or No)

Question (iii) A warehouse owned by Connect Ltd and is rented out to Star Ltd under an operating lease to store its office furniture during the renovation period. (Yes or No)

Question (iv) A freehold premise owned by Connect Ltd. The company intends to sell it at a good value as soon as a potential buyer is found. (Yes or No)

Question (v) A building owned by Connect Ltd and currently occupied by its administration and finance departments. (Yes or No)

Question (vi) A factory owned by Connect Ltd and is being rented out to a manufacturer of computer accessories on a non-cancellable three-year lease. (Yes or No)

Question (vii) Some residential apartment units owned by Connect Ltd and currently rented to its directors at market rental rates. (Yes or No)

Question (viii) A piece of office equipment owned by Connect Ltd but currently not in use. Connect Ltd intends to sell it when the price is right. (Yes or No)

Reference no: EM132482714

Questions Cloud

What is the difference between CCs expected ROE : Assuming a 2S% tax rate on taxable income, what is the difference between CCs expected ROE if it finances these assets with 350/0 debt
Discuss the major movement of the biblical meta narrative : Discuss the major movement of the biblical metanarrative, its main character, and its implications for understanding the unity of the biblical books.
How do you draw a supply and demand diagram : The government borrows $20 billion less next year than this year. Use a supply and demand diagram to analyze this policy.
Equilibrium interest rate increase and equilibrium quantity : In the market for loanable funds, which of the following would make the equilibrium interest rate increase and the equilibrium quantity of funds decrease?
Is a warehouse owned by connect ltd and rented out to star : Is A warehouse owned by Connect Ltd and rented out to Star Ltd under an operating lease to store its office furniture during the renovation period
Greater effect on aggregate demand : Which policy will encourage consumers to stop spending more money? Which policy has a greater effect on aggregate demand? Explain.
What should the court decideinthe given situation : A telephone company employee was on disability leave. Company policy prohibited taking vacation while collecting disability. The employee disregarded the policy
Diminishing marginal product of physical capital : Would one expect to find that the marketing research company has diminishing marginal product of labor? How about diminishing marginal product of physical capit
Prepare the journal entry for the issuance : Prepare the journal entry for the issuance when the market price of the common shares is $168 each and market price of the preferred is $210 each

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