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1. List down all the items that should be classified as investment property. Write the letters only. a. Idle land b. Office buildings occupied by
1. List down all the items that should be classified as investment property. Write the letters only. a. Idle land b. Office buildings occupied by administrative staff c. Multi-purpose hall available for operating leases d. Property held for sale in the near future e. Land held for future commercial building to be leased out under operating leases f. Property constructed to be leased out under a finance lease g. Manufacturing plants h. Convention hotel i. A vacant building used as isolation or emergency evacuation centers j. Property held under finance lease but leased out to other parties under operating lease k. Property constructed to be sold in the ordinary course of business l. Fruit-bearing trees that are grown to produce fruits to be sold in the ordinary course of business 2. For the items in #1 that are not classified as investment property, state the proper classification in the financial statements as either PPE, Inventory, etc. 3. In terms of subsequent measurement of investment property, state any difference between the PFRS and PPSAS
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