FRS 140 Investment Properties Definition Investment property is property (land or a building” or part of a building” or both) held (by the owner or by the lessee under a finance lease) to earn rentals or for capital appreciation or both‚ rather than for: (a) | use in the production or supply of goods or services or for administrative purposes; or | (b) | Sale in the ordinary course of business. | Objective The objective of this Standard is to prescribe the accounting treatment for investment
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Ijarah Ijarah means lease‚ rent or wage. Generally‚ Ijarah concept means selling benefit or use or service for a fixed price or wage. Under this concept‚ the Bank makes available to the customer the use of service of assets / equipments such as plant‚ office automation‚ motor vehicle for a fixed period and price. Advantages Of Ijarah The following are the advantages of Ijarah to lessee: 1)Ijarah conserves capital as it may provide 100% financing. 2)Ijarah enables the Lessee to have the use of
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accordance with the laws of the Republic of the Philippines‚ with office and principal place of business at Purok 3‚ Bagumbayan‚ Daraga‚ Albay‚ represented by DENNIS G. MACANDOG‚ hereby declares as follows: 1. DENNIS G. MACANDOG‚ is the LESSE‚ in the Lease Contract No.029075800027‚wherein BPI Leasing Corporation‚ a corporation organized and existing under and accordance with the laws of the Republic of the Philippines‚ with principal office and place of business at 15th Floor‚ BPI Buendia Center‚ 372
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GENERAL BACKGROUND Kuwadzana 2 is a residential location situated 14 km west of the city of Harare. It is considered one of the most strategic residential by virtue of its location. For instance it is surrounded by the residential areas of Westlea‚Mufakose‚Warren Park and Dzivarasekwa which make it the most accessible residential area due its centrality.Because of this and other factors the student opted to survey the extent of household choices in choosing Kuwadzana with particular emphasis on
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What is a SMSF Defined as having the following characteristics: * They have less than 5 members * Each member of the fund is a trustee * No member of the fund is an employee of another member‚ unless those members are related * All trustees are members of the fund * No trustee receives remuneration for his or her services as a trustee WHAT IS A RELATED PARTY A ‘related party of the fund’ includes the SMSF members‚ relatives of the SMSF members‚ and any partnerships
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Shaira Dalican‚ Annesherica Flores‚ Carl Michael Seno‚ Charina Fernandez vs. Amagna G.R. No. 152614 (September 30‚ 2009) 601 SCRA 330-350 Facts: Salvador A. Fernandez‚ the lessee‚ and Cristina D. Amagna‚ the lessor‚ had a verbal lease agreement on a monthly basis. A lease on a month-to-month basis provides for a definite period and may be terminated at the end of any month by failure of the lessee to pay the rents due for a particular month that is stipulated under Article 1687. On September 23‚ 1996
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Abstract This paper deals with a proposal that was submitted approximately a year ago to address Prudential New Jersey ’s Martinsville office growing need of technology standardization. The proposal‚ which was accepted then implemented by two friends and me as a "moonlight" job‚ was to fully automate their agents ’ data and communication processes through the use of computer equipment and peripherals. In doing so‚ we hoped to alleviate the agents ’ dependence on physically being in the office
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Penn‚ testified to having submitted a letter the D.C Housing Division stating that the basement was unoccupied and would remain unoccupied until the violations were corrected. The defendant contested that rent was not due‚ due to the fact that the lease was illegal. Even though the defendant testified that the premises we habitable in spite of the Housing Regulation violations. She claimed the contract should be void due to the specific language in Section 2304 of the District of Columbia Housing
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tenants-transparency and honesty. Facts: A residential townhouse unit in an exclusive subdivision was leased to Mr. Park for a year. The lease agreement includes a provision that the tenant/s must comply with the Townhouse Rules and Regulation. It includes that unit should not be used as boarding or lodging house or any business that is open to the public. Also‚ the contract of lease says that there should be a maximum of five tenants. There’s no more specification on who are the tenants. Within a month‚
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22865_05_c05_p132-172.qxd 10/2/06 1:55 PM Page 132 Making Automobile and Housing Decisions CHAPTER 5 L E A R N I N G G O A L S LG1 Implement a plan to research and select a new or used automobile. Decide whether to buy or lease a car. p. 132 LG2 p. 140 LG3 Identify housing alternatives‚ assess the rental option‚ and perform a rent-or-buy analysis. Evaluate the benefits and costs of home ownership and estimate how much you can afford for a home. Describe the home-buying
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