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January 1, 20x1: Service Concession Asset 10711010 15,000.00 Investment Property - Land 10601010 15,000.00 To record the reclassification of land into a service concession asset.
January 1, 20x1: Service Concession Asset 10711010 15,000.00 Investment Property - Land 10601010 15,000.00 To record the reclassification of land into a service concession asset. Service Concession Asset (750k 300k) 10711010 1,050,000.00 Deferred Service Revenue 20501040 1,050,000.0 0 To record the service concession asset. December 31, 20x1: Deferred Service Concession Revenue (1,050,000/15yrs.) 20501040 70,000.00 Service Revenue 40202230 70,000.00 To recognize the service concession revenue. Cash in Bank - Local Currency, Current Account 10102010 3,000.00 Service Concession Revenue (100k - 75k) x 12% 40202240 3,000.00 To recognize additional revenue from the service concession
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Social Statistics For A Diverse Society
Authors: Chava Frankfort Nachmias, Anna Leon Guerrero
7th Edition
9781483333540
