The following information pertains to Entity A: Land held for long-term capital appreciations 2,500,000 Machinery held for currently undetermined future use 700,000 Land held for future plant site 800,000 Land held for sale in the ordinary course of business 4,500,000 Building leased out under finance lease 1,900,000 Building leased out under operating lease 700,000 Property that is being constructed to leased out under finance lease 1,200,000 Equipment leased out under an operating lease 500,000 How much is the total investment property?

The following information pertains to Entity A: Land held for long-term capital appreciations 2,500,000 Machinery held for currently undetermined future use 700,000 Land held for future plant site 800,000 Land held for sale in the ordinary course of business 4,500,000 Building leased out under finance lease 1,900,000 Building leased out under operating lease 700,000 Property that is being constructed to leased out under finance lease 1,200,000 Equipment leased out under an operating lease 500,000 How much is the total investment property?

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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Question

The following information pertains to Entity A:
Land held for long-term capital appreciations
2,500,000
Machinery held for currently undetermined future use
700,000
Land held for future plant site
800,000
Land held for sale in the ordinary course of business
4,500,000
Building leased out under finance lease
1,900,000
Building leased out under operating lease
700,000
Property that is being constructed to leased out under finance lease
1,200,000
Equipment leased out under an operating lease
500,000
How much is the total investment property?

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