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provide solution Perseverance Company is considering the appropriate classification of the following items: Land held for long-term capital appreciation P12,000,000 Land held for undetermined future

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Perseverance Company is considering the appropriate classification of the following items: Land held for long-term capital appreciation P12,000,000 Land held for undetermined future use 15,000,000 Building leased out under an operating lease 18,000,000 Building leased out under a finance lease 45,000,000 Vacant building held to be leased out under an operating lease 9,000,000 Property held for use in the production or supply of goods 6,000,000 Property held for administrative purposes 9,000,000 Property held for sale in the ordinary course of business 2,000,000 Property being constructed on behalf of third parties 12,000,000 Property held for future use as owner-occupied property 4,000,000 Owner-occupied property awaiting disposal 750,000 Industrial equipment for rental to others 8,300,000 Existing investment property that is being redeveloped for continuing 25,000,000 use as investment property Building held for administrative purposes and leased out under 10,525,000 operating lease (659% is for administrative purposes) How much is the total amount that would normally be reported as investment property

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