bernchua saysFebruary 23, 2018 at 9:30 amHI, I’m not sure I understand question 3. If the piece of land is no longer needed for expansion how is it still classified as an investment property?Log in to Reply
MikeLittle saysFebruary 23, 2018 at 3:34 pmBecause they own the land and it’s not going to be used to further the businessSo, if it’s not being used for the business, what is it being used for?Log in to Reply
fredymaila saysFebruary 11, 2018 at 10:00 amI am antagonistic with the way a leased portion of a building to a subsidiary was ruled out.Had it been substantial say 10 floors, I believe that it could have been an Investment Property were it impossible to separate them.If I may be corrected.Log in to Reply
littlestar412 saysMay 10, 2016 at 8:14 amRevaluation shouldn’t be $4.2m – $4m ? Because before 1 July 2012 the property was considered as TNCA. And the following revaluation (to $5m) is not to be considered because it became Investment Property when rented out)Log in to Reply
MikeLittle saysMay 10, 2016 at 8:31 amWhat about the depreciation since the property was acquired? You need to find the carrying value as at the date of the revaluation!Log in to Reply
rustamrakhmatov27 saysDecember 5, 2015 at 4:31 amIn question 1, why the second revaluation is not included?? Because of revaluation haven’t been made officially, no matter increase in FV?Log in to Reply
MikeLittle saysDecember 5, 2015 at 8:33 amInvestment property increases go through statement of profit or loss and not through revaluation reserveLog in to Reply
andy31 saysDecember 4, 2015 at 11:46 amQuestion 2 of 4 -how can a parcel of land be subjected to an annual depreciation? I am sure I am missing something, but what?Log in to Reply
MikeLittle saysDecember 4, 2015 at 5:46 pmThanks AndyIt should be “The property leased to the subsidiary”Log in to Reply
bernchua says
HI, I’m not sure I understand question 3. If the piece of land is no longer needed for expansion how is it still classified as an investment property?
MikeLittle says
Because they own the land and it’s not going to be used to further the business
So, if it’s not being used for the business, what is it being used for?
fredymaila says
I am antagonistic with the way a leased portion of a building to a subsidiary was ruled out.
Had it been substantial say 10 floors, I believe that it could have been an Investment Property were it impossible to separate them.
If I may be corrected.
fredymaila says
The answer is right Though.
littlestar412 says
Revaluation shouldn’t be $4.2m – $4m ? Because before 1 July 2012 the property was considered as TNCA.
And the following revaluation (to $5m) is not to be considered because it became Investment Property when rented out)
MikeLittle says
What about the depreciation since the property was acquired? You need to find the carrying value as at the date of the revaluation!
rustamrakhmatov27 says
In question 1, why the second revaluation is not included?? Because of revaluation haven’t been made officially, no matter increase in FV?
MikeLittle says
Investment property increases go through statement of profit or loss and not through revaluation reserve
andy31 says
Question 2 of 4 -how can a parcel of land be subjected to an annual depreciation? I am sure I am missing something, but what?
MikeLittle says
Thanks Andy
It should be “The property leased to the subsidiary”