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Cool Limited accquired a building with a 40 year life for its invest.pdf

Cool Limited accquired a building with a 40 year life for its investment potential for Rs.8 million on 1 January 2013. At Dec 13 2013, the fair value of property was estimated at Rs.9 million with costs to sell estimated at Rs.200000 . If Cool limited uses the fair value model for investment properties, what gain should be recorded in SOCI ?.

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Cool Limited accquired a building with a 40 year life for its investment potential for Rs.8 million
on 1 January 2013. At Dec 13 2013, the fair value of property was estimated at Rs.9 million with
costs to sell estimated at Rs.200000 . If Cool limited uses the fair value model for investment
properties, what gain should be recorded in SOCI ?
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Cool Limited accquired a building with a 40 year life for its invest.pdf

  • 1. Cool Limited accquired a building with a 40 year life for its investment potential for Rs.8 million on 1 January 2013. At Dec 13 2013, the fair value of property was estimated at Rs.9 million with costs to sell estimated at Rs.200000 . If Cool limited uses the fair value model for investment properties, what gain should be recorded in SOCI ?