Which of the following characteristics is most likely to diff erentiate investment propertyfrom property, plant, and equipment?A. It is tangible.B. It earns rent.C. It is long-lived.

Q: How will we recognise any fair value gain arising from a change in fair value of an investment…

A: Investment Property:   An investment property is a property in the form of land or building that are…

Q: what is Intangible Asset ? what is  Wasting Assets ?  what is  Asset Cost ? what is  Residual…

A: In the world of finance and accounting, there are key concepts that businesses use to manage their…

Q: An investment property is defined as property held to earn rentals or for capital appreciation or…

A: A real estate asset purchased with the goal of producing capital appreciation, rental income, or…

Q: Is long term investment is classified as non-current assets?

A: Generally, the liquidity of the assets plays a significant role in determining whether they are…

Q: Depreciation represents a __________ in the value of fixed assets.

A: Fixed assets are those type of assets which are being held by the business for longer period of…

Q: Which of the following does define investment property? a. Property held to earn rentals b. Right…

A: An investment property is first valued at its purchase price. The lower of the fair value of the…

Q: Why might the actual holding period for a property be different from the holding period that was…

A: The consideration while anticipating holding period: 1.The rental from the property. 2.The rate at…

Q: Investment Property can be classified under the following methods except?   Cost Cost and Fairvalue…

A: Solution: Investment Property can be classified under the following methods except "Cost and Fair…

Q: If a company uses the fair value model to value investment property, changes in the fairvalue of the…

A: Under the fair value model, remeasuring of investment property is made at the end of each reporting…

Q: Which one of the following is an intangible asset?

A: We know that as per IAS 38 vis a vis IFRS 38 an intangible asset is an identifiable non monetary…

Q: Describe to Stan what it means to capitalize an expenditure. What is the general rulefor determining…

A:

Q: Which of the following costs are capitalized when purchasing a piece of equipment? a. The invoiced…

A: As per IAS 16 when a asset is purchased then capitalize any costs directly attributable to bringing…

Q: Which of the following does define investment property? Property held to earn rentals Right of use…

A: Investment property is property (land or a building or part of a building or both) held (by the…

Q: In which of the following situations would a cost incurred after an asset’s acquisition be…

A: Asset A resource with a monetary value that is owned or managed by a person, company, or nation in…

Q: 1. When an item of asset is transferred to and from the classification investment property, carried…

A: Hi student Since there are multiple questions, we will answer only first question. If you want…

Q: The book value of an asset is computed as the asset's _____.

A: The assets can be defined as fixed assets and current assets.

Q: True or False Any net income obtained from selling a depreciated property according to its last…

A: Fixed assets are those assets which are held by the business for longer period of time. Depreciation…

Q: 8. An item of property, plant and equipment should recognised as an asset if and only if: A. it is…

A: IAS 16 “Property, Plant, and Equipment”, deals with the determination of the cost of fixed assets to…

Q: hat is the amount realized in a transaction? The gain on the sale of an asset The proceeds less the…

A: Capital gain is realized from the sale of fixed assets.

Q: What are the long-term assets which do not have any physical existence? A. Intangible Assets B.…

A: Tangible Assets:These assets are physical, measurable Resources; like Property, Plant &…

Q: 26. What is the general formula for calculating the gain or loss realized on the sale or other…

A: The gain or loss on the sale of the property can determine with the help of the difference between…

Q: A company is most likely to:A. use a fair value model for some investment property and a cost model…

A: SOLUTION:- A company is most likely to change from the fair value model when the company transfers…

Q: Why are property, plant and equipment capitalized as an asset and not expensed

A: Property, Plant and Equipment are tangible assets of the business which provides benefit to the…

Q: Explain the difference between tangible and intangible long-lived, revenue-producing assets.

A: Tangible assets are those assets which appear in the physical form and it is measurable. Assets like…

Q: An asset is said to be fully depreciated when:

A: An  provided economic benefit these are creating value of addition story enhance the profit…

Q: Property income includes

A: Property is a long term asset which is reported under the head plant, property, and equipment in the…

Q: Which movable assets those are not considered as leasehold improvements?

A: Lease: Lease is a contractual agreement whereby the right to use an asset for a particular period of…

Q: Why is there a need to properly classify a property whether it is an investment or a property, plant…

A: Before making application treatment on property needs to be classification  It will makes proper…

Q: What is the motivation for a sale-leaseback of the land?

A: Lease is the agreement between the two parties that is lesser and lessee where lesser allows the…

Q: gain from the sale or exchange of property which is not a capital asset

A: Second option is wrong because gross income is the income before allowing deductions. Third option…

Q: 17. Which of the following amounts shall not be recognized in profit or loss with respect to…

A: Rental Income from the Investment property shall be recognized in the profit and loss statements as…

Q: What costs are capitalized, or added to the asset account when acquiring property and equipment? A.…

A: Introduction:- Purchase price of plant and equipment consists of purchase price and all other costs…

Q: Explain the concept of VALUE IN USE. Why can it be a basis for recoverable amount of an item of…

A: Value in use means the asset’s net worth for the present time. Value in use is used to take decision…

Q: What factors would result in property increasing in value over a holding period?

A: One holding period is the length of time a creditor retains or the time between purchasing and…

Q: e amortized cost for a financial asset

A: Amortized cost is the amount at which financial assets are reported on Balance Sheet.

Q: What are the important properties of real estate as an asset class? How are they similar/different…

A: The real estate investment class is a type of investment class which is focusing upon investing in…

Q: Depreciation on rental property is an A. expense deductible against income B. out-of-pocket…

A: Depreciation When the fixed asset purchased by a company reduces its value over the period of time,…

Q: Real property held for investment is a capital asset. True or false

A: Real Estate Property Held for Investment is A capital Assets.   Real estate property held for…

Q: For purposes of capitalization of borrowing cost, which of the following is not a qualifying asset?…

A: IAS 23 is one of the accounting standard which is used for borrowing costs. This standard specifies…