Question
IAS 40 Investment Property Exercise A) Johnson & Cooper bought: 1/1/2011 Property (Land/Building) for 900.000 $ on credit Bought: 350.000 $ Land / 550.000 $
IAS 40 Investment Property Exercise A) Johnson & Cooper bought: 1/1/2011 Property (Land/Building) for 900.000 $ on credit Bought: 350.000 $ Land / 550.000 $ Building Residual Value = 0 Both Investment property, Fair value model, subsequent measurement 1/1/2012 Revaluation of Land/Building Land 450.000 $ Building 500.000 $ 1/1/2013 Revalution of Land/Building Land 430.000 $ Building 550.000 $ 1 A) Show all correct Journal entries for purchase and revaluation 2011 2013, Calculate Depreciation. IAS 40 Investment Property Exercise B) Johnson & Cooper bought: 1/1/2011 Property (Land/Building) for 700.000 $ on credit Bought: 350.000 $ Land / 350.000 $ Building Residual Value = 0 Both Investment property, Fair value model, subsequent measurement 1/1/2012 Revaluation of Land/Building Land 350.000 $ Building 380.000 $ 1/1/2013 Revalution of Land/Building Land 400.000 $ Building 375.000 $ 1 B) Show all correct Journal entries for purchase and revaluation 2011 2013, Calculate Depreciation.
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Artificial Intelligence For Audit Forensic Accounting And Valuation A Strategic Perspective
Authors: Al Naqvi
1st Edition
1119601886, 978-1119601883
