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  • 6.3 Investment Property, CSV

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    Bryan Natad
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    Investment property is held by an owner to earn rentals or capital appreciation, or both. It is initially measured at cost and subsequently at fair value or cost model. The transfer of investment property, property, plant and equipment, and inventory between fair value and cost models is accounted for differently, impacting either profit and loss or revaluation. Cash surrender value is the amount an insurance firm will pay to cancel a life insurance policy where the entity itself is the beneficiary.

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    Investment property is held by an owner to earn rentals or capital appreciation, or both. It is initially measured at cost and subsequently at fair value or cost model. The transfer of investment property, property, plant and equipment, and inventory between fair value and cost models is accounted for differently, impacting either profit and loss or revaluation. Cash surrender value is the amount an insurance firm will pay to cancel a life insurance policy where the entity itself is the beneficiary.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    5 views2 pages

    6.3 Investment Property, CSV

    Uploaded by

    Bryan Natad
    Investment property is held by an owner to earn rentals or capital appreciation, or both. It is initially measured at cost and subsequently at fair value or cost model. The transfer of investment property, property, plant and equipment, and inventory between fair value and cost models is accounted for differently, impacting either profit and loss or revaluation. Cash surrender value is the amount an insurance firm will pay to cancel a life insurance policy where the entity itself is the beneficiary.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    INVESTMENT PROPERTY

     property held by an owner or by the lease under a finance lease to earn


    rentals or for capital appreciation or both.
     Measured initially @ cost, subsequently @FV/Cost Model
    Measurement of transfers
    Inv. property@cost PPE@cost = CA
    Inv. property@FV Inventory@lcnrv = FV ang new cost
    PPE@ FV Inv.property@FV = Revaluation
    Inventory Inv.property@FV = diff to P/L
    Cash surrender value is the amount which the insurance firm will pay
    upon the cancellation on insurance, the entity itself is the beneficiary of
    insurance.
     initial CSV is regarded as applicable to three years of the life policy, that
    portion of each CSV applicable to the current year is credited to life
    insurance expense and the portion applicable to the prior year are
    credited to retained earnings.

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