A group of investors Owns an office building that it rents unfurnished to tenants. It purchased the building five years previously from a construction company. At that time, it expected the building to have a useful life of 40 years. Indicate the procedures you might follow to ascertain the measurement amount for this building under each of the following measurement approaches.
a. Acquisition cost.
b. Adjusted acquisition cost (reduced for services already consumed).
c. Current replacement cost.
d. Net realizable value.
e. Fair value.