User Account

All Pages

What is the amount of investment property

Assignment Help Financial Accounting
Reference no: EM132988074

Questions -

Q1. On January 1, 20x1, ABC Co. decided to lease out a building that was previously used as office space. The building has a historical cost of P 5,000,000 and accumulated depreciation of P 4,000,000. 1. ABC Co. uses the cost model for both of its investment property and PPE. The building has a fair value of P 1,400,000 on January 1, 20x1. The journal entries revealed a credit to Building at _________on January 1, 20x1.

Q2. On January 1, 20x1, ABC Co. decided to lease out a building that was previously used as office space. The building has a historical cost of P 5,000,000 and accumulated depreciation of P 4,000,000.

ABC Co. uses the fair value model for its investment property. The building has a fair value of P 800,000 on January 1, 20x1.

What is the amount of investment property that shall be presented in the statement of financial position on January 1, 20x1?

Reference no: EM132988074

Questions Cloud

Determine one area in which the leader could improve upon : Determine one area in which this leader could improve upon, and suggest one action that this leader could take in order to do so.
How much did B receive from the settlement : The partnership has liabilities of P120,000. A and B are solvent but C is insolvent. How much did B receive from the settlement of his interest in partnership
How the use of concepts of the developmental origins of life : Post a brief reflection on how the commonly held sentiment "we are all born equal" may constrain how society thinks about early life.
Purchasing-receiving and storage : Food and beverage managers use various purchasing methods to control inventory, reduce waste, and build vendor relations.
What is the amount of investment property : What is the amount of investment property that shall be presented in the statement of financial position on January 1, 20x1
Provide a description of an existing intervention in canada : Provide a description of an existing intervention in Canada, intended to improve health inequities. Include an explanation of the inequity
How much is the net proceeds from the discounting : How much is the net proceeds from the discounting? Under secured borrowing, how much is the increase (decrease) in liability on June 1, 2020
What is being done to address the influences on population : What is being done to address the influences on population health in Canada? Although Canada is contiguous to the United States and has some cultural
How analyze major ethical challenges that zappos has faced : Examine three of the ethical challenges that Zappos faces. Recommend three actions that Zappos's leadership should take in order to address

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