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What amount presented in profit or loss for year ended dec

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Pack N Play Company acquired a building on January 1, 2020 for P22.5 million and was classified as investment property under the fair value model. At that date, the building had a useful life of 40 years. The fair value of the building was P25 million at December 31, 2020.

Problem 1: Carrying value of the investment property as of December 31, 2020

Problem 2: Amount presented in profit or loss for year ended December 31, 2020

Reference no: EM132737385

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