Choose the amount of loss and the type of loss that shall be recognized on the above transaction. P 600,00 P 200,000 impairment loss unrealized loss loss on transfer
Winona Rider Company has an investment property acquired four years ago at a total cost of P 1,000,000. The investment property is measured under the cost model and
Select two (2). Choose the amount of loss and the type of loss that shall be recognized on the above transaction.
Winona Rider Company has an investment property acquired four years ago at a total cost of P 1,000,000. The investment property is measured under the cost model and depreciated using the straight line method over an estimated useful life of 10 years with no residual value. The current fair value of the property is P 400,000. If WInona Rider decides to transfer the investment property to owner-occupied property, the transfer will most likely results to __________in Winona Rider's statement of profit or loss?
Select two (2). Choose the amount of loss and the type of loss that shall be recognized on the above transaction.
P 600,00
P 200,000
impairment loss
unrealized loss
loss on transfer
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