Agape Limited is a manufacturer and wholesaler of furniture and fittings. Indicate if the following items are investment properties in Agape Limited’s company accounts. State Yes or No in the box below.
Agape Limited is a manufacturer and wholesaler of furniture and fittings. Indicate if the following items are investment properties in Agape Limited’s company accounts.
State Yes or No in the box below.
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Item |
Investment Property? |
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(i) A two storey building that is currently owned by Agape Limited is being used as showrooms. |
Blank 1 |
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(ii) Agape Limited owned an apartment in a condominium and rented it to a staff that has just relocated to Singapore. |
Blank 2 |
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(iii) Agape Limited owned a vacant land and intends to sell it at a profit as soon as a buyer is found. |
Blank 3 |
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(vi) Agape limited has a spare warehouse and is rented out to Spice Limited under an operating lease. |
Blank 4 |
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(v) A building owned by Agape Limited is currently being used by its human resource and IT departments. |
Blank 5 |
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(vi) A building owned by Agape Limited is under construction. Upon completion, Agape Limited will sell the building to another party.
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Blank 6 |
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(vii) Agape Limited has an existing equipment that is not being used. Agape Limited intends to sell it as soon as possible. |
Blank 7 |
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(viii) A building that is owned by Agape Limited is rented to Star Limited under a finance lease.
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Blank 8 |
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