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Based on the above data, answer the following: Questions: IE Blatche Company opted to use the cost model to measure the shopuing 1. all how much should be recognized in profit or loss in 2016 as a resuit of the fair value changes? P46,000,000 c. P30,000,000 d. Nil а. b. P10,000,000

Based on the above data, answer the following: Questions: IE Blatche Company opted to use the cost model to measure the shopuing 1. all how much should be recognized in profit or loss in 2016 as a resuit of the fair value changes? P46,000,000 c. P30,000,000 d. Nil а. b. P10,000,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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ACCOUNTING FOR INVESTMENT PROPERTY.PROBLEM 6.  PLEASE ANSWER  AND SHOW SOLUTION

PROBLEM 20-6: Subsequent measurement: Cost model vs Fair value model Blatche Company completed the construction of a shopping mall at the ena a 2014 for a total cost of P200 million. The mall has an estimated economic kte ca 25 years. The mall was constructed for the purpose of earning rentals by Rus out space in the shopping mall to tenants. An independent valuation expert was used by the company to fair value shopping mall on an annual basis. According to the fair valuation expert, the P230 million, respectively.
Transcribed Image Text:PROBLEM 20-6: Subsequent measurement: Cost model vs Fair value model Blatche Company completed the construction of a shopping mall at the ena a 2014 for a total cost of P200 million. The mall has an estimated economic kte ca 25 years. The mall was constructed for the purpose of earning rentals by Rus out space in the shopping mall to tenants. An independent valuation expert was used by the company to fair value shopping mall on an annual basis. According to the fair valuation expert, the P230 million, respectively.
Based on the above data, answer the following: Questions: Platche Company opted to use the cost model to measure the shopuing 1. "1 how much should be recognized in profit or loss in 2016 as a resuit of the fair value changes? P46,000,000 b. P10,000,000 с. Р30,000,000 d. Nil а.
Transcribed Image Text:Based on the above data, answer the following: Questions: Platche Company opted to use the cost model to measure the shopuing 1. "1 how much should be recognized in profit or loss in 2016 as a resuit of the fair value changes? P46,000,000 b. P10,000,000 с. Р30,000,000 d. Nil а.
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