How much is the total investment property

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Reference no: EM132812622

MODULATE Co. has the following assets.

Vacant building to be leased out under operating lease 4,000,000
Building being constructed for TO ADJUST, Inc. 800,000
Building under construction to be used as office 1,600,000
Building under construction to be rented out under operating lease 400,000
Building rented out to MODULATE's employees who pay rent at market rates 3,200,000
Office building awaiting disposal 200,000

Problem 1: How much is the total investment property?

a. 4,200,000

b. 4,400,000

c. 4,600,000

d. 7,600,000

Reference no: EM132812622

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