GA Real Estate (181)

Conceptual Question Ito Ltd. receives a local government grant to help defray the cost of its plant facilities. The grant is provided to encourage Ito to move its operations to a certain area. Explain how the grant might be reported. Your answer must be supported by referring to relevant accounting standards. Edit View Insert Format Tools Table 12pt v Paragraph v BIUA

I need help with FIN-320 module 7 assignement. The scenario is listed below: Financial Option 1: Purchase a $10 Million BuildingRationale for investment: The business is considering environmental, social, and corporate governance(ESG) factors as part of its investment into a new building for its headquarters. The building itself will bea Leadership in Energy and Environmental Design (LEED)-certified building, but the new site beingconsidered currently houses a large, inactive gas station that sold both gasoline and diesel fuel. The newsite also has a sizable repair facility left over that was used for deliveries and tractor-trailer trucks formore than 50 years. While some restoration was performed on the site prior to the new building’sconstruction, the previous owner ran out of funds before they were ever able to bring the site up toLEED standards. Four large fuel tanks remain on the site, and they will also need to be addressed perLEED standards.Assumptions to consider: $10 million…

Intangible Assets Debate Write a summary discussing on the following topic: • The concept and recognition of intangible assets. Important tips: The report must reply on the current debate and treatment according to International Accounting standard Try to briefly discuss the two strategies to recognize intangible assets 'The cost model' & the 'revaluation model' to give a breift insight into them. Good report should also explore and use the academic research Word count: The report should not exceed 1000 words. Relevant: carefully write the report to address the issues mentioned. Critical: should critically write the report discussing the debate Evidence of good searching and reading of academic articles. (References) The quality of writing i.e. free from language errors.

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Question: A community wants to create a park on some vacant property on the outskirts of the town (zoned commercial). They estimate the benefit to the community to be worth $1,500,000. Contractors have estimated a net cost to build the park and to rezone the property to be $2,300,00. Should they build the park? A. 0.65 and Yes B. 0.65 and No C. 1.53 and Yes D. 1.53 and No

You’re called out of an investment committee meeting at your real estate company for an important phone call.  Stepping back into the meeting you find you’ve missed the initial description of the Subject Property, but a heated debate on which Comparable Properties should be used to evaluate the property is underway. Glancing at a handout your analysts have prepared, you see observe the following table:   Comp A Comp B Comp C Comp D Comp E Distance from Subject 0.50 Miles 0.75 miles 1 mile 0.25 miles 0.90 miles Year of Construction 1990 2005 1985 2015 2006 Sq. Ft. 14,000 SF 24,000 SF 10,000 SF 25,000 SF 37,000 SF Months Since Sale 3 months 9 months 12 months 4 months 2 months   The group turns to you to break the tie.  Based only on the information provided above, select the most prudent answer for you to give: A. "They’re all close enough. Let’s just average the data from all of them.” B. “Without knowing…

You’re called out of an investment committee meeting at your real estate company for an important phone call.  Stepping back into the meeting you find you’ve missed the initial description of the Subject Property, but a heated debate on which Comparable Properties should be used to evaluate the property is underway. Glancing at a handout your analysts have prepared, you see observe the following table:   Comp A Comp B Comp C Comp D Comp E Distance from Subject 0.50 Miles 0.75 miles 1 mile 0.25 miles 0.90 miles Year of Construction 1990 2005 1985 2015 2006 Sq. Ft. 14,000 SF 24,000 SF 10,000 SF 25,000 SF 37,000 SF Months Since Sale 3 months 9 months 12 months 4 months 2 months

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Task 2: SMART Traditionally, Danaos Corporation has been utilising its site office in Karabar for its official purposes. This company has acquired ample land for their office. However, the Queanbeyan & Palerang Regional Council (QPRC) has approached the CEO of Danaos Corporation and asked him whether Danaos would be interested in a different site in Queanbeyan, as the Council would like to reacquire the Karabar site for a Council development. The QPRC has offered four further possible sites: Queanbeyan, Bungendore Drive, Isabella Street or Jerabomberra. The rates, power and maintenance per annum involved for each site are: SITE Queanbeyan Bungendore Drive Isabella Street Jerabomberra Karabar Closeness to Customers Size of Site Car-parking Facilities Visibility Working Environment ATTRIBUTE The benefits that the CEO believes should be taken into consideration are: Closeness to Customers, Size of Site, Car-parking Facilities, Visibility, and Working Environment. The CEO is able to rank…

D3)

A) Identify and classify the project into Replacement decision,Expansion decision, Diversification decision, Safety and/or environmental projects, Independent Projects, Mutually-exclusive project and Dependent Projects/Contingent Projects:    B) Also mention the reasons for the classification.   1. Oman Insurance Company started their new branch in Salalah. 2. Badar Al Sama Hospital entered into a contract with health providers in UAE to open their clinics in UAE. 3. Intertek had two projects, that require initial outlay of RO250,000. Board of Directors decided to accept both projects, as the company had sufficient funds to invest in both projects. 4. Marine Engineering has a budget of $50,000 for expansion projects. If available Projects A and B each cost $40,000 and Project C costs only $40,000. 5. Slice Traders, specialized in selling carbonated juices intends to start their manufacturing units, producing potato chips in Oman. 6. A leading bank in the region intends to add mutual…

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Metal Recycling and Salvage receives the opportunity to salvage scrap metal and other materials from an old industrial site. The current owners of the site will sign over the site to Enviro at no cost. Enviro intends to extract scrap metal at the site for 24​ months and then will clean up the​ site, return the land to useable​ condition, and sell it to a developer. Projected costs associated with the project​ follow:   Read the requirements2.   Requirement 1. Assuming that Enviro expects to salvage 70,000tons of metal from the​ site, what is the total project life cycle​ cost?   Total Life-Cycle Costs Variable costs:   Metal extraction and processing   Fixed costs:   Metal extraction and processing   Rent on temporary buildings   Administration   Clean-up   Land restoration   Selling land   Total life-cycle cost   Requirement 2. Suppose Enviro can sell the metal for $110 per ton and wants to earn a…

ACCOUNTING FOR INVESTMENT PROPERTY.PROBLEM 4.  PLEASE ANSWER  AND SHOW SOLUTION

1. PAS 41 Agriculture is applicable to which of the following? a. Agricultural produce after the point of harvest b. Bearer plants related to agricultural activity c. Living animals related to agricultural activity d. Unconditional government grants related to biological assets measured at cost   2. Which of the following standard is most likely applicable to agricultural produce after the point of harvest? a. PAS 41 Agriculture                                           c. PAS 2 Inventories b. PAS 16 Property, Plant and equipment            d. Any of these   3. PAS 41 is applicable to which of the following items? a. Land used for farming b. Agricultural produce after point of harvest c. Unconditional government grants related to bearer plants d. Unconditional government grant related to consumable living animals measured at fair value costs to sell.   4. Which of the following is considered as a biological asset under PAS 41? a. Carcass                         c. Pig b. Ham…

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The cost of installing a security fence on a vacant lot should be charged to which accbunt: O Building O Depreciation Expense O Land Improvements O Land O Accumulated Depreciation O Equipment ASUS f4 f5 f7 f8 f9 f10 f11 & 7. R T Y U 8 国 17 因 96 5 近 86

CHOOSE THE LETTER OF ANSWER Galore Company ventured into construction of a condominium in Makati which is rated as the largest state-of-the art structure. The board of directors decided that instead of selling the condominium, the entity would hold this property for purposes of earning rentals by leasing out space to business executives in the area. The construction of the condominium was completed and the property was placed in service on January 1, 2020. The cost of the condominium was P50,000,000. The useful life of the condominium is 25 years and the residual value is P5,000,000. An independent valuation expert provided the following fair value at each subsequent year-end:December 31, 2020 55,000,000December 31, 2021 53,000,000December 31, 2022 60,000,000 Under the cost model, what amount should be reported as annual depreciation of investment property? a. 1,800,000b. 2,000,000c. 2,200,000d. 0 under the fair Value model, what amount should be recognized as gain from change in fair…

Use the following information to answer questions 1 to 5. A development corporation purchased land that will be the site of a new luxury condominium complex. Management is considering a six month market research study designed to learn more about potential market acceptance of the condominium project. Management anticipates that, if conducted, the market research study will provide one of the following two results. 1. Favorable report (F): A significant number of the individuals contacted express interest in purchasing a condominium. 2. Unfavorable report (U): Very few of the individuals contacted express interest in purchasing a condo- minium. After deciding whether to conduct the market research study, they have the following two decision alternatives. d1 = a small complex with 30 condominiumsd2 = a medium complex with 60 condominiumsFollowing this, a chance event concerning the demand for the condominiums has two states of nature. s1 = strong demand for the condominiumss2 = weak…

Use the following information to answer questions 1 to 5. A development corporation purchased land that will be the site of a new luxury condominium complex. Management is considering a six month market research study designed to learn more about potential market acceptance of the condominium project. Management anticipates that, if conducted, the market research study will provide one of the following two results. 1. Favorable report (F): A significant number of the individuals contacted express interest in purchasing a condominium. 2. Unfavorable report (U): Very few of the individuals contacted express interest in purchasing a condo- minium. After deciding whether to conduct the market research study, they have the following two decision alternatives. d1 = a small complex with 30 condominiumsd2 = a medium complex with 60 condominiumsFollowing this, a chance event concerning the demand for the condominiums has two states of nature. s1 = strong demand for the condominiumss2 = weak…

Please indicate the appropriate category of the following items:   Question 23 options:   Cost of equipment obtained under capital lease   Land   Goodwill acquired   Music Copyrights   The cost of developing a patent   The cost of purchasing a patent   Brand Names   Research costs   The cost of an annual update of payroll software   Goodwill generated internally   1. Intangible Asset 2. Tangible Asset 3. Expense  4. Other (none of the above) 5. Not recorded on financial statements

ACCOUNTING FOR INVESTMENT PROPERTY.PROBLEM 6.  PLEASE ANSWER  AND SHOW SOLUTION