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Question 9 [8 points) Biotech Company holds a number of investment properties which it accounts for under IAS 40. The company purchases new rental property
Question 9 [8 points) Biotech Company holds a number of investment properties which it accounts for under IAS 40. The company purchases new rental property on 1, 2016.11.100.000 on December 31, 2015, was $1,023,000, and the appraised value on December 31, 2016, was 51.227.000. Per make sure your first to 2 del a) Prepare the adjusting journal entries for this property on December 31, 2016. Enter an appropriate description, and enter the in the format membe. b) Prepare the adjusting journal entries for this property on December 31, 2016. Enter an appropriate description, and enter the date in the format om te 1) Question 10 [32 points) Cinhal Filter rompany operates a manufacturing facility where specialized electronic components are assembled for use in consumer products. The facility was purchased in 2005 for a washnliged that the building would have a useful life of 25 years with no residual value. The company follows the pole Din 2015 the following transactions with respect to the bu
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