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    Franchesca Cura
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    1. The document records various transactions related to investment properties including purchases and sales of land and buildings, depreciation, and changes in fair value. 2. It lists the purchase of two investment properties for $5 million and $1 million, and the sale of one investment property for $5 million in cash. 3. Various lines also record the allocation of investment property values to land and buildings, accumulated depreciation, and gains or losses from changes in fair value.

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    1. The document records various transactions related to investment properties including purchases and sales of land and buildings, depreciation, and changes in fair value. 2. It lists the purchase of two investment properties for $5 million and $1 million, and the sale of one investment property for $5 million in cash. 3. Various lines also record the allocation of investment property values to land and buildings, accumulated depreciation, and gains or losses from changes in fair value.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    4 views2 pages

    Assignment Intacc

    Uploaded by

    Franchesca Cura
    1. The document records various transactions related to investment properties including purchases and sales of land and buildings, depreciation, and changes in fair value. 2. It lists the purchase of two investment properties for $5 million and $1 million, and the sale of one investment property for $5 million in cash. 3. Various lines also record the allocation of investment property values to land and buildings, accumulated depreciation, and gains or losses from changes in fair value.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    of 2

    Investment Property No.

    13-21
    1. C 13 Investment Property 5,000,000.00
    2. 2,200,000 Cash
    3. C
    4. C 14 Investment Property 1,000,000.00
    5. F Gain from change in FV
    6. D
    7. B 15 Land 2,400,000.00
    8. C Building 3,600,000.00
    9. C Investment Property
    10. A
    11. E 16 Investment Property 5,000,000.00
    12. D Cash

    17 Depreciation 75,000.00
    Accumulated Depreciation

    18 Depreciation 50,000.00
    Accumulated Depreciation

    19 Land 2,000,000.00
    Building 2,875,000.00
    Accumulated Depreciation 125,000.00
    Investment Property

    20 Land 2,000,000.00
    Cash

    21 Investment Property 3,000,000.00


    Land
    Gain in change of FV
    Intangible Assets
    1. C
    5,000,000.00 2. C
    3. A
    4. C
    1,000,000.00 5. C
    6. C
    7. B
    8. C
    6,000,000.00 9. B
    10. 270,000.00
    11. 370,000.00
    5,000,000.00 12. 230,000.00 Gain
    13. 292,000.00
    14. 1,670,000.00
    75,000.00 15. 365,000.00

    50,000.00

    5,000,000.00

    2,000,000.00

    2,000,000.00
    1,000,000.00

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