21. Loveliness Company has a single investment property which had an original cost of P7,200,000 on January 1, 2023. On December 31, 2025, the fair value was P7,500,000 and on December 31, 2026, the fair value was P7,282,500. On acquisition, the property had a useful life of forty years. What is the gain or (loss) to be recognized in profit or loss for 2026 under the fair value model (FVM)? -82,500 d. 300,000 a. to by 2007,500 C. 217,500

21. Loveliness Company has a single investment property which had an original cost of P7,200,000 on January 1, 2023. On December 31, 2025, the fair value was P7,500,000 and on December 31, 2026, the fair value was P7,282,500. On acquisition, the property had a useful life of forty years. What is the gain or (loss) to be recognized in profit or loss for 2026 under the fair value model (FVM)? -82,500 d. 300,000 a. to by 2007,500 C. 217,500

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Draw out a trial balance using the above trasnsactions . Thank you .
Create a SQL table using your name with the following features: the columns of your table must include, at least the data types (in this order) and one more of your choice NOTE: You need to specify a 2 column (i.e 2 attribute 1. varchar (n), // where n covers the string length you want to enter 2. Int, 3. decimal, (precision = 8, scale = 3 4. date. 5. ??? your choice here ??? Table constraints: 1. It has a two column primary key 2. a check constraint on 2 columns, on the decimal and the date field 3. Use '2024-02-18' date as the default on the date field 5. write down your relational schema 5. Create the table, insert at least 4 rows, and do a Select * to show them example don't just copy these, change the constraint names
can you please show me how to calculate this without using excel? Thanks
can you show the steps on a calculator ?
Fill out the missing columns and show the calculation and formulas
Will you please provide the formulas (explanation) to understand the results or numbers that were added in the solution?
is there a way to do this question with formulas and a calculator instead of excel? if so please upload the solution this way
Assignment: In the space at the right, type the best formula (or function) needed to perform the following computations. The first one has been done for you
Please see attached picture
can you do it again, please, no tables, only formulas, please
The easiest way to change the order in a chart is in the __________. Multiple Choice underlying spreadsheet slicer chart options chart itself