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A business owns a building which it has been using as a head office. In order to reduce costs, on 30th June 20x9 it moved
A business owns a building which it has been using as a head office. In order to reduce costs, on 30th June 20x9 it moved its head office functions to one of its production centers and is now letting out its head office. The company policy is to use the fair value model for investment property. The building had an original cost on 1st January 20X0 of 250,000 and was being depreciated over 50 years. At 30th June 20x9 its fair value was 350,000. a.) How much is the accumulated depreciation at the date of change? b.) What is the carrying amount at the date of change? c.) The depreciation expense as of 31" December, 20x9 is: d.) The accounts and amounts reflected in the Statement of Profit or Loss and Other Comprehensive Income for the year ended, 315 December, 20x9, are: e.) The amount of investment property reflected in the Statement of Financial Position at 31st December, 20x9 is
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