User Account

All Pages

Determining the investment properties

Assignment Help Financial Accounting
Reference no: EM132419759

Investment Properties:

Safe Ladies' Home, Inc. owns a three-storey building along Asturias. The whole building, divided into smaller rooms, is being rented out to various lady bed spacers comprising of students, reviewees and employees. The building cost is P5,000,000 with accumulated depreciation of P1,500,000 as of December 31, 2019. On this date, the building has a fair value of P5,500,000.

A new building was constructed by another entity adjacent to the building of Safe Ladies' Home, Inc. during 2019. Safe Ladies' Home rented the fourth floor of the new building under operating lease and subleased the whole area to various bed spacers. At December 31, 2019, the fair value of this fourth floor is P2,000,000 and Safe Ladies Home chose to report it as an investment property.

At what total amount should Safe Ladies' Home report its investment property at December 31, 2019? Can you please help me by providing the authentic solution of this problem

Reference no: EM132419759

Questions Cloud

What are shamrock 2019 and 2020 journal entries : What are Shamrock's 2019 and 2020 journal entries, assuming Shamrock depreciates similar equipment it owns on a straight-line basis?
Loyalt-reward programs assignment : Loyalt-reward programs Assignment help and solutions:-What are at least three key aspects that a company must consider when developing a successful loyalty.
INF60007 Introduction to Business Information Systems : INF60007 Introduction to Business Information Systems Assignment Help and Solution, Swinburne University of Technology - Assessment Writing Service
MGT5IPM International Project Management Assignment : MGT5IPM International Project Management Assignment Help and Solution - La Trobe University, Australia. Define the Project Execution Plan
Determining the investment properties : At what total amount should Safe Ladies' Home report its investment property at December 31, 2019?
Describe the competitive advantage of each company : Describe the factors that a company must have to succeed in your chosen industry.Evaluate the marketing strategies of your selected company and two competitors
What is the nature of your business-describe your business : Describe your business activities. What is the nature of your business? What products or services do you offer?: What are the goals for your company/product?
What are splish brothers entries : Splish Brothers Corporation recorded a right-of-use asset for $262,500 as a result of a finance lease on December 31, 2019.
What is the amortization schedule that would be suitable : What is the amortization schedule that would be suitable for both the lessor and the lessee and that covers all the years involved?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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