Loki Company has a 6-storey building with a carrying amount of P12,400,000. The first floor is being used as administration office and the rest are being rented out to tenants under operating lease. Each portion of the building cannot be sold or leased out separately under finance lease. How much is classified as investment property?

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A: Investment property means land or building or part of building or land and building that is held for…

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A: Here Building Y is treated as Investment Property and          Building X is treated as PPE.

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A: Investment property is the capital assets that are used to earn rental income or capital…

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A:

Q: GGG Company ventured into construction of a condominium in Baguio which is rated as the largest…

A: PLEASE LIKE THE ANSWER, YOUR RESPONSE MATTERS   journal entry under  fair value model

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A:

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A: sales commission is 5% on sale value: $227,400 x 5% =$13,870

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A:

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A:

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A: IAS 40 Investment Property applies to the accounting for the property (land and/or buildings)…

Q: f P2,500,000

A: The allocation cost is given as,

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A:

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