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It is the start of Helibeb Limited's new financial year. Helibeb Limited owns a theatre building which it cost the company 7.5 million to build
It is the start of Helibeb Limited's new financial year. Helibeb Limited owns a theatre building which it cost the company 7.5 million to build 20 years ago. The building is 20 years old. 10 years ago a surveyor revalued the theatre to 10.0 million which reflected the cost of building a similar theatre in a similar location then. A surveyor has now revalued the theatre building to 15.0 million, which reflects the cost of buying a similar theatre in a similar location now, at the start of this new financial year. Helibeb expects to use the theatre building for another 80 years and then sell the property for an estimated 1 million. Helibeb
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