Nowing items: io Company is considering the appropriate classification of the Land held for long-term capital appreciation P10,000,000 20,000,000 Land held for undecided future use Building leased out under an operating lease Building leased out under a finance lease Vacant building held to be leased out under an. 50,000,000 30,000,000 operating lease Property held for use in the production or supply of goods or services 5;000,000 held for administrative purposes Property 4,000,000 Property held for sale in the ordinary course of 6,000,000 1,000,000 2,000,000 8,000,000 2,500,000 3,000,000 2,400,000 500,000 7,000,000 6. business Property held in the process of construction or development for sale Property being constructed or developed on behalf of third parties k Property held for future use as owner-occupied. property 1 Property held for future development and subsequent use as owner-occupied property m. Property occupied by employees n. Owner-occupied property awaiting disposal 0. Property that is being constructed or developed for use as an investment property Existing investment property that is being redeveloped for continuing use as investment property Building held for administrative purposes and leased out under operating lease (40% is for administrative purposes) Building leased out under arı operating lease (the entity supplies security and maintenance services to the lessees) 15,000,000 10,000,000 24,00 5,000
Nowing items: io Company is considering the appropriate classification of the Land held for long-term capital appreciation P10,000,000 20,000,000 Land held for undecided future use Building leased out under an operating lease Building leased out under a finance lease Vacant building held to be leased out under an. 50,000,000 30,000,000 operating lease Property held for use in the production or supply of goods or services 5;000,000 held for administrative purposes Property 4,000,000 Property held for sale in the ordinary course of 6,000,000 1,000,000 2,000,000 8,000,000 2,500,000 3,000,000 2,400,000 500,000 7,000,000 6. business Property held in the process of construction or development for sale Property being constructed or developed on behalf of third parties k Property held for future use as owner-occupied. property 1 Property held for future development and subsequent use as owner-occupied property m. Property occupied by employees n. Owner-occupied property awaiting disposal 0. Property that is being constructed or developed for use as an investment property Existing investment property that is being redeveloped for continuing use as investment property Building held for administrative purposes and leased out under operating lease (40% is for administrative purposes) Building leased out under arı operating lease (the entity supplies security and maintenance services to the lessees) 15,000,000 10,000,000 24,00 5,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
How much is the total amount that would normally be reported as investment property?
A. 130,000,000
B. 128,000,000
C. 137,000,000
D. 106,000,000
Show solution
Transcribed Image Text:PROBL
go Company is considering the appropriate classification of the
Mowing items:
Land held for long-term capital appreciation
Land held for undecided future use
Building leased out under an operating lease
Building leased out under a finance lease
Vacant building held to be leased out under an.
operating lease
Property held for use in the production or supply
of goods or services
Property held for administrative purposes
Property held for sale in the ordinary course of
business
Property held in the process of construction or
development for sale
}
1
Property being constructed or developed on
behalf of third parties
k
Property held for future use as owner-occupied
property
1 Property held for future development and
subsequent use as owner-occupied property
m. Property occupied by employees
n. Owner-occupied property awaiting disposal
0. Property that is being constructed or developed
for use as an investment property
p. Existing investment property that is being
redeveloped for continuing use as investment
property
9 Building held for administrative purposes and
leased out under operating lease (40% is for
administrative purposes)
Building leased out under arı operating lease (the
entity supplies security and maintenance
services to the lessees)
P10,000,000
20,000,000
50,000,000
30,000,000
5,000,000
4,000,000
6,000,000
1,000,000
2,000,000
8,000,000
2,500,000
3,000,000
2,400,000
500,000
7,000,000
15,000,000
10,000,000
24,00,000
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