User Account

All Pages

Prepare journal entry for investment property of bolive bhd

Assignment Help Financial Accounting
Reference no: EM132659109

Bolive Bhd. bought an investment property for RM1,500,000 (land costs RM500,000) on 1 January 2018. The useful life of the building is 40 years. The company adopts the fair value method in accounting for its investment properties. The details of the fair values of the investment property are as follows:

As at 30 April RM

2018 1,600,000

2019 1,750,000

2020 1,200,000

Required:

Question (a) Prepare journal entries (without narration) for the investment property of Bolive Bhd. for the years ended 30 April 2018 to 30 April 2020 using the fair value model.

Question (b) Explain the features of the fair value model in IAS 40 Investment Property that differentiate it from the revaluation model for property, plant and equipment in IAS 16.

Reference no: EM132659109

Questions Cloud

Make an ending finished goods inventory budget for quarter : Make an ending finished goods inventory budget for the quarter (Hint: You have already calculated the desired ending finished goods inventory quantity.)
How many seniors would need to have full monthly membership : How many seniors would need to have a full monthly membership for UMGC Home and Community-Based Services to cover its monthly expenses.
Need schedule that converts dr harris excess of cash collect : Need a schedule that converts Dr. Harris's "excess of cash collected over cash disbursed" for the year 2020 to net income on an accrual basis for the year 2020.
Explain the accounting treatment for each of the events : Explain the accounting treatment for each of the events/transactions in accordance with IAS 10 Events After the Reporting Period for the year ended 30 June
Prepare journal entry for investment property of bolive bhd : Prepare journal entries (without narration) for the investment property of Bolive Bhd. for the years ended 30 April 2018 to 30 April 2020 using the fair value
Calculate the carrying amount of the plant as at june : For subsequent expenditures that are not capitalised as part of the cost of the plant, give a brief explanation as to why they are not capitalised.
Calculate cogs using weighted average method : Calculate COGS using Weighted Average Method. A Co. is a restaurant-cum-caterer and has to stock up on its purchases of bottled Coke on a regular basis
Implement server a simple local dns server : Describes the difference between SELinux enforcing and permissive modes - demonstrate that DNS configuration/zone files are free from errors
Calculate the revised depreciation charge and carrying value : Calculate the revised depreciation charge and carrying value of the machines for the year ended 30 June 2020. Belarus Bhd. has 10 units of machines

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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