Recognition of Investment Property
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Date
2016
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Department of Accountancy, University of Kelaniya
Abstract
ABC is one of the Manufacturing Companies in Sri Lanka and operating as the
market leader for roofing sheets in Sri Lanka. XYZ is a fully owned subsidiary of
ABC. ABC company acquired a land in 2010 for Rs:50,000,000/= and this land
was leased to XYZ on operating lease for 40 years lease term which has annual
lease value of Rs. 14,404,200/=.They have entered in to that lease agreement in
2013.
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Citation
Chandrarathna, A.G.K. & Thilakarathna, P.M.C. 2016. Recognition of Investment Property. Case Studies in Accounting “Bridging the Gap”, 03: pp. 03-04. Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka.