IAS 40- Solution - Bài tập KTQT IAS 40 | Tài liệu Môn Kế toán quản trị Trường đại học sư phạm kỹ thuật TP. Hồ Chí Minh
Which TWO of the following statements best describe 'owner-occupied propery, according to IAS40 Investment property? A Property held for sale in the ordinary course of business B Property held for use in the production and supply of goods or services C Property held to earn rentals D Property held for administrative purposes [40.5] 2. Which ONE of the following terms best describes property held to earn rentals or for capital appreciation? A Freehold property B Leasehold property C Owner-occupied property D Investment property[40.5] 3. Under IAS40 Investment property, which ONE of the following additional disclosures must be made when an entity chooses the cost model as its accounting policy for an investment property? Tài liệu giúp bạn tham khảo, ôn tập và đạt kết quả cao. Mời bạn đọc đón xem!
Môn: Kế toán quản trị CB
Trường: Đại học Sư phạm Kỹ thuật Thành phố Hồ Chí Minh
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Đại học Sư phạm Kỹ thuật Thành phố Hồ Chí Minh
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1.
Which TWO of the following statements best describe 'owner-
occupied propery, according to IAS40 Investment property? A Property held for sale i
n the ordinary course of business B Property held for use i n the production and supply o f goods or services C Property held to earn rentals D
Property held for administrative purposes [40.5] 2.
Which ONE of the following terms best describes property held to earn
rentals or for capital appreciation? A Freehold property B Leasehold property C Owner-occupied property D Investment property[40.5] 3.
Under IAS40 Investment property, which ONE of the following
additional disclosures must be made when an entity chooses the
cost model as its accounting policy for an i nvestment property? A
The fair value of the property [40.79e] B
The present value of the property C The value i n use o f the property D The ne
t realisable value of the property 4.
IAS40 Investment property gives a choice between two different
models as the accounting policy to b e used i n relation to investment property.
Which ONE of the following disclosures should be made when the fair value model ha s been adopted? A Depreciation methods used B
The amount of impairment losses recognised C
Useful lives or depreciation rates used D.
Net gains or losses from fair value adjustments[40.76]
5. Which TWO of the following properties fall unde r the definition of
investment property and therefore within the scope o f IAS40 Investment property? A
Land held for long-term capital appreciation B Property occupied b
y an employee paying market rent C
Property being constructed on behalf o f third parties D A building owned b
y an entity and leased out under an operating lease [40.8-9 ] 6.
The Bentham Company purchased an investment property on 1
January 20X5 for a cost of CU220,000. The property had a useful life of
40 years and at 31 December 20X7 had a fair value of CU300,000.
On 1 January 20X8 the property was sold for net proceeds of
CU290,000. Bentham uses the cost model to account for investment properties. What i
s the gain or loss to be recognised i n profit o r loss for the year
ended 31 December 20X8 regarding the disposal of the property,
according to IAS40 Investment property? A CU86,500 gain [40.69] B CU81,000 gain C CU10,000 loss D CU70,000 gain 7.
The Niagara Company owns three properties which are classified as
investment properties according to IAS40 Investment property. Details
of the properties are given below: Initial Fair value a t Fair value a t cost 31 Dec 20X7 31 Dec 20X8 CU'000 CU'000 CU'000 Property (1) 270 320 350 Property (2) 345 305 285 Property (3) 330 385 360
Each property was acquired in 20X4 with a useful life of 50 years. The
company's accounting policy is to use the fair value model for investment properties.
What is the gain or loss to be recognised in Niagara's profit or loss for the year ending 3 1 December 20X8? A CU18,900 loss B CU15,000 loss [40.35] C CU30,000 gain D. CU45,000 loss 8.
The Micro Company acquired a building on 1 January 20X7 for
CU900,000. At that date the building had a useful life of 30 years. At 31
December 20X7 the fair value of the building was CU960,000. The
building was classified as an investment property and accounted for under the cost model.
According to IAS40 Investment property, what amounts should be carried in the statement o
f financial position and recognised i n profit o r loss? Câu D Carrying amount in Recognised in statement of profit o r loss financial position A CU960,000 No gain/loss B CU900,000 No gain/loss C CU960,000 Gain o f CU60,000 D CU870,000 Expense o f CU30,000 9.
The Lancer Company has a single investment property which had originally cost CU580,000 o
n 1 January 20X4. At 31 December 20X6 its
fair value was CU600,000 and at 31 December 20X7 it had a fair value
of CU590,000. On acquisition the property had a useful life of 40 years.
According to IAS40 Investment property, what should be the expense
recognised in Lancer's profit or loss for the year ending 31 December
20X7 under each of the fair value model an d the cost model? Câu B Fair value model Cost model A CU14,750 CU14,500 B CU10,000 CU14,500 C CU14,500 CU10,000 D CU10,000 CU14,750 10.
The Paradise Company's accounting policy with respect to investment properties is
to measure them at fair value at the end of each reporting period. One o f its
investment properties was measured a t CU800,000 o n 31 December 20X7. The property ha
d been acquired on 1 January 20X7 for a total cost including
CU690,000 paid to the vendor, CU30,000 paid to the local authority as a
property transfer tax and CU40,000 paid to professional advisers.
In accordance with IAS40 Investment property, the amount of the gain to be
recognised in profit or loss in the year ended 31 December 20X7 in
respect of the investment property is A CU40,000 B CU70,000 C CU80,000 D CU110,000