What is the total amount of investment property

Assignment Help Accounting Basics
Reference no: EM132840945

The following items are included in the Investment Property Account of Avida Inc.:

Land held for future plant site                                                                     P 1,000,000

Land held for a currently undetermined use                                                    2,000,000

Building held by entity under finance lease and leased out under operating lease    3,000,000

Property that is being constructed or developed on behalf of third parties               1,000,000

Building that is being developed for future use as administrative building                   2,000,000

Property that is leased out to another entity under a finance lease                        1,000,000

Machine leased to another entity under an operating lease                                    3,000,000

Equipment held for currently undetermined use                                                    1,000,000

Car held for a long-term capital appreciation                                                        2,000,000

Building occupied by employees paying rent at market rate                                      4,000,000

Property held for sale in the ordinary course of business                                           3,000,000

Land classified as held for sale                                                                            5,000,000

Required:

Question 1: What is the total amount of Investment Property?

Reference no: EM132840945

Questions Cloud

Regular occurrence of formal grievances : Your firm has had a regular occurrence of formal grievances being filed, with some of them going to the very last step of arbitration.
Identify how each of the events affected : Identify how each of the above six events affected the various accounts involved. (b) income statement, (c) a statement of shareholders' equity
Discuss why data modeling is important : Examine this process and discuss why data modeling is important and what the benefits may be to the organization.
Objectives of social welfare : How far do you think that the key providers of social welfare services have been able to help in improving gender equality in your country?
What is the total amount of investment property : What is the total amount of Investment Property? Building held by entity under finance lease and leased out under operating lease.
Understanding Five Stages of Group Development : Suggest at least one scenario in which understanding the Five Stages of Group Development could help you to work more effectively in groups in the future.
How much was loss allocated to b in determination of cash : The equipment was sold at its carrying amount. How much was the loss allocated to B in the determination of cash distributions to the partners?
Why do firms engage in international trade : What is the difference between an absolute and a comparative advantage in international trade? How are both types of advantages related to the concept of specia
What is the present value of Alysha investments : The expected annual return on the fund is 10 percent. She plans to invest for 19 years. What is the present value of Alysha's investments

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.

  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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd