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Exam Code: C-THR89-2105

Exam Name: SAP Certified Application Associate - SAP SuccessFactors Workforce Analytics & Planning Functional Consultant 1H/2021

Certification Provider: SAP

Related Certification: SAP Certified Application Associate - SAP SuccessFactors Workforce Analytics & Planning Functional Consultant 1H/2021

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NEW QUESTION: 1
QR purchased a property for its investment potential on 1 January 20X3 for $2.5 million.
The total property cost is split as follows: land $1 million and buildings $1.5 million. The buildings were expected to have a remaining useful life of 40 years.
The local property index at 31 December 20X3 indicates that the fair value of the property has risen by
10%.
What is the balance that QR will include in its statement of financial position at 31 December 20X3 for this property, assuming that it uses the IAS 40 Investment Properties fair value model?
Give your answer in $million to two decimal places.
Answer:
Explanation:
2.75 million


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