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slove it as per Ind AS and also mention name and number. 4.9.2 S-1: x Limited owns a building which is used to earn rentals.
slove it as per Ind AS and also mention name and number. 4.9.2
S-1: x Limited owns a building which is used to earn rentals. The building has a carrying amount of 50,00,000. X Limited recently replaced interior walls of the building and the cost of new interior walls is 5,00,000. The original walls have a carrying amount of 1,00,000. How X Limited should account for the above costs? S-2: X Limited purchased a building for 30,00,000 in May 1, 20X1.The purchase price was funded by a loan. Property transfer taxes and direct legal costs of 1,00,000 and 20,000 respectively were incurred in acquiring the building. In 20X1-20X2, X Limited redeveloped the building into retail shops for rent under operating leases to independent third parties Expenditures on redevelopment were: planning permission construction costs (including 40,000 refundable purchases taxes). 2,00,000 7,00,000 The redevelopment was completed and the retail shops were ready for rental on September 2 20X1. What is the cost of building at initial recognition? S-3: X Limited purchased a land worth of 1,00,00,000. It has option either to pay full amount at the time of purchases or pay for it over two years for a total cost of 1,20,00,000. What should be the cost of the building under both the payments method
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