Bane Co. has the following assets on December 31, 2021:

Land held for sale in the ordinary course of business	600,000
Land held for long-term capital appreciation	2,000,000
Land held for a currently determined future use	500,000
Land held for a future plant site	600,000
Equipment leased out under a normal lease	100,000
Building leased out under a finance lease	1,900,000
Building leased out under the operating lease	750,000
Right-of-use of asset relating to a building held by the entity and leased out under an operating lease	1,200,000

Compute for the Total Amount of the Investment Property.

Answer rating: 100% (QA)

Particulars Amount Reason O This considered as inventory Land held for sale in t... View the full answer