Solution-Which of measurement bases is acceptable for

Which of measurement bases is acceptable for subsequent

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Reference no: EM132700458

Problem 1: Which of the following properties falls under the definition of investment property?

I. Land held for long-term capital appreciation
II. Property occupied by an employee paying market rent
III. Property being constructed on behalf of third parties
IV. A building owned by an entity and leased out under an operating lease

a. I, II
b. II, IV
c. I, IV
d. II, III, IV

Problem 2: Which of the following measurement bases is acceptable for the subsequent measurement of an investment property held by a government entity?

a. fair value
b. fair value less costs to sell
c. cost less accumulated impairment losses
d. none, all of these are unacceptable.

Reference no: EM132700458

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Which of measurement bases is acceptable for subsequent

Reference no: EM132700458

Reference no: EM132700458

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