How much is the total amount that would normally be reported

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Question - Careful Company is considering the appropriate classification of the following items:

Land held for long-term capital appreciation 15,000,000

Land held for undecided future use 30,000,000

Building leased out under an operating lease 75,000,000

Building leased out under a finance lease 45,000,000

Vacant building held to be leased out under an operating lease 8,000,000

Property held for use in the production or supply of goods or services 6,000,000

Property held for administrative purposes 9,000,000

Property held for sale in the ordinary course of business 2,000,000

Property held in the process of construction or development for sale 3,000,000

Property being constructed or developed on behalf of third parties 12,000,000

Property held for future use as owner-occupied property 4,000,000

Property held for future development and subsequent use as owner-occupied property 4,400,000

Property occupied by employees 3,600,000

Owner-occupied property awaiting disposal 750,000

Equipment for lease to another entity 12,000,000

Existing investment property that is being redeveloped for continuing use as investment property 24,000,000

Building held for administrative purposes and leased out under operating lease (60% is for administrative purposes) 15,000,000

Building leased out under an operating lease (the entity supplies security and maintenance services to the lessees) 30,000,000

Required - How much is the total amount that would normally be reported as investment property?

Reference no: EM132576307

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