Question: How To D 2020-21 > > ACT 330-1 | INB 450-1 (Metacourse) Amanah Company has an investment property which has a tale value of On550,000
How To D 2020-21 > > ACT 330-1 | INB 450-1 (Metacourse) Amanah Company has an investment property which has a tale value of On550,000 on 1 January 2006. The useta e na determined to be yours on the date. On 1 January 2030 Amanah Company decided to convert the investment property to one occupied property and the far value on that Dh500,000. It is the company's policy to adopt the revaluation model and the financial year ends on 31 December. There is no change in the world of the property. On 1 January 2032, the fair value of the property was 5460.000 B Required: (a) Compute the followings marks: 00 Gain/loss from the transfer on 1 January 2030 and the accounting treatment of the gain/is. 010 Depreciation charged for the owner-occupied property on 31 December 2030 010 Gain/loss on revaluation on 1 January 2032 Time 0.4845 (b) Discuss any THREE (3) indicators of impairment in accordance with MFRS136 Impairment of Assets. Bankas) Paragraph BIELE
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
