Question
Bane Co. has the following assets on December 31, 2021: Land held for sale in the ordinary course of business 600,000 Land held for long-term
Bane Co. has the following assets on December 31, 2021:
Land held for sale in the ordinary course of business | 600,000 |
Land held for long-term capital appreciation | 2,000,000 |
Land held for a currently determined future use | 500,000 |
Land held for a future plant site | 600,000 |
Equipment leased out under a normal lease | 100,000 |
Building leased out under a finance lease | 1,900,000 |
Building leased out under operating lease | 750,000 |
Right-of-use of asset relating to a building held by the entity and leased out under an operating lease | 1,200,000 |
Compute for the Total Amount of the Investment Property.
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