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Blatche Company opred to use the cost model to measure the shopping all. how much should be recognized in profit or loss in 2016 preciation expense? P9,600,000 P8,000,000 c. P9,200,000 d. Nil

Blatche Company opred to use the cost model to measure the shopping all. how much should be recognized in profit or loss in 2016 preciation expense? P9,600,000 P8,000,000 c. P9,200,000 d. Nil

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

2. Jf Blatche Company opted to use the cost model to measure the shopping mall, how much should be recognized in profit or loss in 2016 as depreciation expense? P9,600,000 с. Р9,200,000 d. Nil а. b. P8,000,000
Transcribed Image Text:2. Jf Blatche Company opted to use the cost model to measure the shopping mall, how much should be recognized in profit or loss in 2016 as depreciation expense? P9,600,000 с. Р9,200,000 d. Nil а. b. P8,000,000
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.
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