Multifamily Expenses_Solution

PROPERTY INFO Tenant Street Address City State Zip APN GLA Lot Size Year Built FINANCIAL SUMMARY Dollar General Purchase Price $1,519,661* 511 Old Route 15 Cap Rate 6.80% Port Trevorton Net Operating Income $103,337 PA Price / SF $167 1/864 Rent/SF $40 05-05-003 *Offering 2.5% Fee to Buy-Side Broker CONTACT INFORMATION 9,100 SF Listing Agent Nina McGaughy 1.31 AC Phone Number (424) 325-2624 2019 INVESTMENT HIGHLIGHTS Absolute Net (NNN) Investment Dollar General operates on an Absolute Net (NNN) Lease with tenant fully responsible for maintenance, insurance and taxes providing the landlord with a low maintenance asset DOLLAR GENERAL Corporate Guarantee Dollar General Corporation (NYSEDG) is a fortune 500 company with over 80 years in business and $25.6 billion in revenue FY'18. w Open! Future Rent Growth-10% Increases In Each Option Period There are 10% rental increases built into the lease in each option period, providing the landlord with positive rent growth and a hedge against…

Requirements:  If the sales price is P1,000,000 which is equal to fair value compute the following under the buyer-lessor accounting Gross Investment Net Investment Unearned Interest Income Journal entries on January 1, 20x1

d = ces Problem 6-22A (Algo) Accounting for acquisition of assets, including a basket purchase LO 6-1 Trinkle Company made several purchases of long-term assets during the year. The details of each purchase are presented here. New Office Equipment 1. List price: $41,100; terms: 2/10, n/30; paid within the discount period. 2. Transportation-In: $740. 3. Installation: $470. 4. Cost to repair damage during unloading: $624. 5. Routine maintenance cost after eight months: $150. Basket Purchase of Copler, Computer, and Scanner for $53,500 with Fair Market Values 1. Copier, $26,445. 2. Computer, $9,030. 3. Scanner, $29,025. Land for New Warehouse with an Old Building Torn Down 1. Purchase price, $82,400. 2. Demolition of building, $5,410. 3. Lumber sold from old building, $2,210. 4. Grading in preparation for new building, $9,500. 5. Construction of new building, $217,000. Required In each of these cases, determine the amount of cost to be capitalized in the asset accounts. Asset Office…

In January 1, 2020, the following assets of Company A had the following corresponding values: Carrying amount EUL Sound Value Year acquired 5,400,000 5,750,000 *7.600.000 7,850,000 Machinery Equipment O 3.122.600 O 3.050.000 Ⓒ 2.988.000 Residual Value 3.837.500 500,000 400,000 10 12 The company decided to measure these properties using revaluation model. Full year depreciation is taken on the year of purchase. In January 1, 2022, the replacement cost of equipment was revalued at P5.100.000. What is the amount taken to profit or loss as a result of the revaluation on January 1. 2022? 2017 2016

1. What is the cost of the right of use asset? 2. What is the depreciation for current year?

Calculate Admissible depreciation, Including Additional Depreciation Particulars Amount Rate 1 Building 15,00,000 10% 2 Plant & Machinery 18,00,000 15% Addition : 30-07-2020 2,00,000 15-03-2021 2,50,000 Sale of Plant (01-12-2020) 12,00,000 Computer (Bought on 19-12-2020) 1,00,000 40%

Problem 6. Sales and Leaseback On Januar y 1 20х1, Entity sold building to Entity and a simultaneously leased it back. Additional information follows : Fair value of building 1,000,000 Carrying amount of building 800,000 Remaining useful life of building 10 years Lease Term 5 years Annual rent payable at the end of each year 100,000 Implicit interest rate equal to market rate 12% The transfer qualifies as a sale. Requirements (Independent cases) : а. If the sales price is P1,000,000 which is equal to fair value compute t he following under the seller-lessee accounting i. Lease liability ii. Right of use Asset iii. Gain or Loss iv. Journal entries on January 1, 20x1 b. If the sales price is P1,000,000 which is equal to fair value compute the following under the buyer-lessor acco unting i. Gross Investment ii. Net Investment iii. Unearned Interest Income iv. Journal entries on January 1, 20x1 c. Same requirements in a and b but the sales price is P1,100,000 which is above the fair value…

Requirements: HOW MUCH IS THE REVALUATION SURPLUS ON THE YEAR OF REVALUATION? HOW MUCH IS THE GAIN OR LOSS IF THE BLDG IS SOLD FOR P8MILLION ONE YEAR AFTER REVALUATION? HOW MUCH IS THE BLANCE OF REVALUATION SURPLUS AFTER THE SALE?

How much should be recorded as the purchase price of theindividual PPE items:   For items 6 to 10, identify the amount to be include as Land 6. Cost of option to the land – P20,000 7. Legal fees and other expenditures for establishing clean title– P100,000 8. Mortgage assumed: Total mortgage – P2,000,000,Remaining mortgage as of acquisition date – P 500,000 9. Real property tax not paid by seller and assumed by theentity, P50,000 due January of current year. Buyer‐entityacquired the land on April 30 of the current year. 10. Special assessment paid to the government – P300,000 11. Fence and landscaping – P500,000

Depreciation expense for 2020

Investment PropertyDEF Company owns land and building being used for its operations and administrative functions. The land and building are carried in its books using the cost model and have the following data at January 1,2023.Land:Cost - P10,000,000Fair value - 14,000,000Building:Cost -P20,000,000Accumulated depreciation -13,500,000Fair value - 9,000,000On this date, the company vacated the old building and occupied a newly constructed one located in the commercial area of the Central Business District. The old building is then reclassified as investment property using the fair value model. The company uses the fair value model in all of its other investment property.What is the amount of fair value gain reported in profit/loss resulting from the reclassification from owner occupied to investments property due to change in use of the property?     a. P0 b. P2,500,000 c. P4,000,000 d. P6,500,000

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Calculate the NOI of a property based upon the information provided below: Building area: Average base rents: .NNN recoveries: Vacancy rate: Operating expenses . . • Percentage rent . Concessions . Annual debt service 165,720 O 315,720 O 375.720 440,220 O 478.500 O None of these 15,000 sqft $27.50 psf $4.00 psf 5.0% $4.30 psf $6,000 per year 3.0% $210,000 per year

- Entity A acquires equipment on January 1, 20x1. Information on costs is as follows: Purchase price, gross of Php 10,000 trade discount Non-refundable purchase taxes Delivery and handling costs Installation costs 800,000 20,000 40,000 30,000 Present value of decommissioning and restoration Costs 10,000 How much is the initial cost of the equipment? a. 900,000 b. 820,000 c. 870,000 d. 890,000

The total dollar amount of assets to be classified as investment is ?

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Hazel Company owns three properties which are classified as investment properties. Details of the properties are as follows: Initial Cost FMV at 12.31.2019 FMV at 12.31.2020 Property 1 2,700,000 3,200,000 3,500,000 Property 2 Property 3 3,450,000 3,000,000 2,800,000 3,300,000 3,900,000 3,400,000 Each property was acquired in 2015 with a useful life of 50 years. The entity's accounting policy is to use the fair value model for investment properties. What is the gain or loss to be recognized in profit or loss for the year ended December 31, 2020?