Your answer is partially correct. Prepare the joumal entries required for 2023, 2024, and 2025, assuming that Ayayal applies the fair value model to all of its investment praperty. (Credit occount titles are automatically indented when the amount is entered, Do not indent manuaily. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries. Record entries in the onder presented in the problem) On March 1, 2023, Ayayai Corp, acquirod a 10 unit residential complec for $1,280.000, paid in cash. An indepcndent appraiscr determined that 75% of the total purchase price should be allocated to buildings, with the remainder allocated to land. On the date of acquisition, the buildimg's estimated useful life was 25 ears, with estimated residual value of $325,200. Avayai estimates that straight-line depreciation would best reflect the pattem of benefits it will receive from the building. Fair value of the complex, as assessed by an independent appealser on cach date, is as tollows: The complex qualifes as an investment proper ty under IAS 40 hoestment Property. Ayayai hars a December 31 vear end. Your answer is partially correct. Prepare the joumal entries required for 2023, 2024, and 2025, assuming that Ayayal applies the fair value model to all of its investment praperty. (Credit occount titles are automatically indented when the amount is entered, Do not indent manuaily. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries. Record entries in the onder presented in the problem) On March 1, 2023, Ayayai Corp, acquirod a 10 unit residential complec for $1,280.000, paid in cash. An indepcndent appraiscr determined that 75% of the total purchase price should be allocated to buildings, with the remainder allocated to land. On the date of acquisition, the buildimg's estimated useful life was 25 ears, with estimated residual value of $325,200. Avayai estimates that straight-line depreciation would best reflect the pattem of benefits it will receive from the building. Fair value of the complex, as assessed by an independent appealser on cach date, is as tollows: The complex qualifes as an investment proper ty under IAS 40 hoestment Property. Ayayai hars a December 31 vear end