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please answer all the questions immediately thankyou 36. Directly attributable expenditure related to investment property include * (1 Point) Professional fees for legal services and
please answer all the questions immediately thankyou
36. Directly attributable expenditure related to investment property include * (1 Point) Professional fees for legal services and other transactions Abnormal amount of waste materials in construction of investment property Startup cost Initial operating losses before the intended planned level of occupancy 37. Offsetting of assets and liabilities of a disposal group may be permitted when all of the asset and liabilities of the group will be disposed on a single transaction. (1 Point) TRUE FALSE 38. Which of the following is false under PFRS 57 (1 Point) The noncurrent asset held for sale shall be measured at higher of carrying amount and fair value less cost to sell An entity shall classify a noncurrent asset as held for sale when the carrying amount of assetis recovered through a sale transaction Noncurrent asset held for sale shall be presented as a curent asset Noncurrent asset that is to be abandoned shall not be classified as held for sale because the carrying amount is principally recovered through continuing use 39. A cash generating unit is a group of assets to be disposed of by sale or otherwise, together as a group in a single sales transaction. * (1 Point) TRUE FALSE 40. Which of the following describes investment property? * (1 Point) Property held to earn rentals or capital appreciation Property used for administrative purposes Property held solely for capital appreciation Property held for sale in ordinary course of businessStep by Step Solution
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