Properties occupied by the company (need to be over 50% occupied by insurer & affiliates): depreciated cost - encumbrances Properties held for the production of income: depreciated cost - encumbrances Properties held for sale: min(depreciated cost, fair value) - encumbrances - costs to sell property encumbrances = outstanding loan amount

Odomirok 6-7 Flashcards by ap21mvp _

Real Estate

Properties occupied by the company (need to be over 50% occupied by insurer & affiliates): depreciated cost - encumbrances
Properties held for the production of income: depreciated cost - encumbrances
Properties held for sale: min(depreciated cost, fair value) - encumbrances - costs to sell property
encumbrances = outstanding loan amount

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Odomirok 6-7 Flashcards

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