![]() ![]() If Karen Company opted to use the fair value model to measure the shopping mall, how much should be recognize in 2018 profit or loss as a depreciation expense?6. If Karen Company opted to use the fair value model to measure the shopping mall, how much should be recognize in 2018 profit or loss as a result of fair value changes?5. If Karen Company opted to use the cost model to measure the shopping mall, how much is the carrying amount of the shopping mall to be reported in its statement of financial position as of December 31, 20184. If Karen Company opted to use the cost model to measure the shopping mall, how much should be recognize in 2018 profit or loss as a depreciation expense?3. If Karen Company opted to use the cost model to measure the shopping mall, how much should be recognize in 2018 profit or loss as a result of fair value changes?2. ![]() ![]() According to the fair valuation expert, the fair values of the shopping mall at the end of 20 were Php 240,000,000 and Php 230,000, respectively.Required: Based on the above facts, answer the following:1. An independent valuation expert was used by the company to fair value the shopping mall on an annual basis. The mall was constructed for the purpose of earning rentals by letting out space in its shopping malls to tenants. The mall has an estimated economic life of 25 years. SOLVED: Karen Company completed the construction of a shopping mall at the end of 2016 for a total cost of Php 200M. ![]()
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