Investment Property Essay Example for Free

Investment Property Essay The objective of this Standard is to prescribe the accounting treatment for investment property and related disclosure requirements. 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. A property interest that is held by a lessee under an operating lease may be classified and accounted for as investment property provided that: (a) the rest of the definition of investment property is met; (b) the operating lease is accounted for as if it were a finance lease in accordance with IAS 17 Leases; and (c) the lessee uses the fair value model set out in this Standard for the asset recognised. Investment property shall be recognised as an asset when, and only when: (a) it is probable that the future economic benefits that are associated with the investment property will flow to the entity; and (b) the cost of the investment property can be measured reliably. An investment property shall be measured initially at its cost. Transaction costs shall be included in the initial measurement. The initial cost of a property interest held under a lease and classified as an investment property shall be as prescribed for a finance lease by paragraph 20 of IAS 17, ie the asset shall be recognised at the lower of the fair value of the property and the present value of the minimum lease payments. An equivalent amount shall be recognised as a liability in accordance with that same paragraph. The Standard permits entities to choose either: (a) a fair value model, under which an investment property is measured, after initial measurement, at fair value with changes in fair value recognised in profit or loss; or (b) a cost model. The cost model is specified in IAS 16 and requires an investment property to be measured after initial measurement at depreciated cost (less any accumulated impairment losses). An entity that chooses the cost model discloses the fair value of its investment property. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. An investment property shall be derecognised (eliminated from the statement of financial position) on disposal or when the investment property is permanently withdrawn from use and no future economic benefits are expected from its disposal. Gains or losses arising from the retirement or disposal of investment property shall be determined as the difference between the net disposal proceeds and the carrying amount of the asset and shall be recognised in profit or loss (unless IAS 17 requires otherwise on a sale and leaseback) in the period of the retirement or disposal.

two different countries Essay -- essays research papers

It is said that technology is turning our world into a global village, and this is true to some extent but even now if we move from one city to another, one can feel the difference in language, culture, life style and many more. In my case I moved thousand of miles from my country, Pakistan. The differences are unimaginable. I was born in a very big house with 5 bedrooms, 2 living rooms, 2 kitchens, big lawns in front and back, servant quarters and couple of servants serving my family. This wasn’t like this because we were filthy rich or millionaires. It simply portrays a middle class home in my country. My grandmother was used to wake up before sunrise and opened all the windows and doors for fresh air, and for the voice of rooster. Then she was used to sit on a very low table with lots of colorful round pillows, directing servants what to do and peeling vegetables or cleaning rice. The house was cleaned from top to bottom everyday. For lunch a long red and white-patterned tablecloths was laid on the floor and all the ladies in home use to eat together. My mother use to make bread in a special underground oven. Men usually came home by the evening and dinner was an important event since everybody was supposed to be there for it. Things haven’t changed a lot now. I grew up in a very conservative city where girls have fewer rights and are raised with the concept that our essential goal is to get married and serve our husbands, making sure our household runs in the best way po...

Discuss the Reason of Rising of Detente During 1968-1978 Essay

Explain why failed in1980s. During 1968-1978, The tensed relations between 2 superpowers—US and USSR relaxed. Both of them tried various means to bring about peace such as closer communication and co-operations, Armament limitation etc. However, detente failed at the end of 1970s and marked the beginning of 2nd stage of cold war. There were several reasons which led to the rise of detente and the end of detente. The First reason for the rise of detente was because both superpowers were anxious to reduce the severe financial burden on military expenses. Since both sides were trying to defeat one another during cold war, they attempted in weakening another one by producing nuclear weapons. According to statistics, The military expenses almost occupied 41% of the annual total expenses of US. USSR also suffered from severe military burden. It was a heavy burden for both of them, therefore, they were willing to slow down the armament race by producing less nuclear weapns. They adopted the non-commitment policy which helped to ease international tensions in1970s. The reduction of military costs helped the rise of detente. The second reason for the rise of detente was the fear towards a nuclear war. Since tensions between them would increase the chance of the outbreak of nuclear war. They dared not to bear the risk of devastating destruction of civilization of human beings by nuclear war. As a result, they began to adopt a relatively moderate attitude towards each other instead of being rigid. This help to reduce tensions between them. The third reason for the rise of detente was because the two superpowers had learnt lessons from Vietnam war as well as Korean War. They knew that war was not a way to contain either blocs. The US paid a hude price for defending the free world against communism. The heavy casualties and expenses drove the Americans to reconsider the intervention policy towards world matters since 1947. Since America was on the verge of social revolution as a result, it adopted a more conciliatory attitude towards the communist bloc in order to prevent a nuclear war. The forth reason for the rise of detente was that USSR wanted to use its resources to develop homes economy and to raise the living standard of its people. In addition detente benefited to USSR as it can increase the trade with the western countries so as to develop its own economy. This can also avoid the formation of alliance between china and America. The fifth reason for the rise of detente was the split between USSR and China since the mid 60s. At the very beginning China and USSR established a close relationship as they were both communist countries which work together to confront against US. However the criticism of Khrushchev towards the Great Leap Foorward and The criticism of Community Party of China towards the view of Khrushchev led to the split between USSR and China. After that, these two countries were hostile to one another. An armed conflict on the sino-Soviet border in1969 further damaged their relations. The split between china and USSR helped the rise of detente as US considered USSR as a less threatening foe towards its leading position in the world without the alley-china. This helped improve the relationship between the two superpowers. The sisxth reason for the rise of detente was China and USSR were both feared of being isolated, hence they would like to develop a better relation with US. The US promoted detente to keep them apart and a strategic balance of power among 3 powers was kept. Hence the tensions between the two superpowers was no longer as fierce as the 1st of cold war. The seventh reason for the rise of detente was that China broke its isolation by more contact with the west for trade and support in modernization. This help the rise of detente as Us had a new alley which made it felt that USSR was no longer as threatening as before. Unfortunately, detente failed in 1979. Firstly the failure of detente was because of the Soviet invasion in afghanistan in 1979. The soviet sent troops to Afghanistan in order to overthrow a pro-us government there and extend its influence to the Persian gulf for tremendous amount of oil which were supplied by the Persian gulf region. The US also needed to prevent USSR from controlling Afghanistan. This is the important turning point for detente as both of them started to compete for natural resources again and this created tension and conflicts among them. This crisis triggered off their conflicts again. For example, the US Congress refused to ratify the SALT II treaty. In addition, the Us stopped its wheat sales to the USSR, president Jimmy carter called on the international community to boycott the Olympic games held in Moscow in 1980. Secondly the failure of detente was because of soviet suppression of polish solidarity. The USSR asked the polish government to suppress the solidarity movement in Poland as it afraid that the movement would arouse the anti-soviet feelings among eastern European countries. The soviet suppression of solidarity caused the wide discontent of US and western countries as it had broken its promised of protection over human rights. The Soviet suppression of polish solidarity led to the end of detente as US responsed to the action of USSR by asking the congress for an increase in military budget in order to produced more armaments and setting up more inter-continental missiles in Europe for defence against USSR. This led to the end of detente as superpowers were no longer willing to take a moderate attitude towards each other. Their restart of armament race intensified cold war again. Thirdly, detente failed because The introduction of star wars by US. And nearly 2000 military satellites were launched in space in 1980s. The cold war intensified. To conclude, the reasons for the rise of detente were both superpowers were anxious to reduce the severe financial burden on military expenses, fear towards a nuclear war, the two superpowers had learnt lessons from Vietnam war as well as Korean War, USSR wanted to use its resources to develop homes economy and to raise the living standard of its people, the split between USSR and China since the mid 60s, China and USSR were both feared of being isolated, hence they would like to develop a better relation with US. And the failure of detente were because Soviet invasion in afghanistan in 1979, soviet suppression of polish solidarity, introduction of star wars by US.

Much Ado About Nothing

Much Ado About Nothing by William Shakespeare is a delightful comedy which plays out a number of Shakespeares best loved themes: confusion between lovers, the battle of the sexes, and the restoration of love and marriage. It also features two of Shakespeares most formidable lovers: Benedick and Beatrice. These two characters spend the majority of the play bickering and then--as in all great romantic comedies--fall in love in the final acts.Much Ado About Nothing begins in Messina, soon after the end of a war. A group of soldiers are returning, victorious. Amongst them are Don Pedro, Claudio (a handsome youth) and Benedick, who is known to be proficient both in the art of war and the art of speech. He is also a self-proclaimed woman-hater, who vows he will never settle down. Soon, Claudio falls in love with a noblemans daughter, Hero (a beautiful and quiescent young maiden), and they decide to marry. Heros elder sister, Beatrice, is unlike her sister in that she has a fast tongue. She and Benedick enjoy baiting each other as both are clever and witty.The lovers, along with the rest of Hero and Claudios wedding party, decide to bring Benedick and Beatrice together. They perceive, perhaps, that there is already a spark of love between them. By the time the wedding comes around, the two are very much in love. But love is never easy in Shakespeares plays, and on the eve of the wedding Don Pedros bastard brother, Don John, decides to break up the marriage before it begins by trying to convince Claudio that his betrothed has been unfaithful. Claudio goes on to the wedding and calls Hero a whore, disgracing her before the whole community. Beatrice and Heros father hide the poor girl, and let it be known that she has died from the shame that Claudio unfairly placed upon her. In the meantime, Don Johns henchmen are arrested by the local constable (whose malapropisms create a little comic relief) and the plot to besmirch Heros name is exposed.Claudio is wracked with grief. To make amends, he promises to marry Heros sister, Beatrice. However, when he reaches the altar and lifts his wifes veil, he finds that he is marrying the woman he thought to be dead. The wedding is made into a double celebration when Benedick and Beatrice also decide to tie the knot.The majority of the plot in Much Ado About Nothing revolves around Hero and Claudio, but Shakespeares dramatic sympathies remain very clear. Benedick and Beatrice are ever at the center of our attention. They get the most stage time, as well as the majority of the best lines. With their gentle bickering, they hope to expose the frailties not only of their opponent, but also of his or her entire gender. These interchanges are early examples of what would become the fast-paced exchanges in modern screwball comedy. With Much Ado About Nothing, Shakespeare also creates the first example of the romantic generic convention of the two romantic leads that love to hate each other. That they are tricked into loving each other is only possible because that love already resides in their hearts. They use their mutual animosity to cover their true feelings. Of course, Much Ado About Nothing is never simply just a romantic comedy. Rather, the play creates a lighter, more frivolous counterpart to some of his darker tragedies. For example, like Romeo and Juilet, we see a lover pretend to be dead, hoping for a Romantic reconciliation with the man to whom she is betrothed. Unlike that tragedy, however, the lover does not realize his mistake too late. The work is one of Shakespeares most serious comedies, and also one of his most human. The back-and-forth between Benedick and Beatrice, and the triumphant finale in which the divine grace of love is celebrated has had a feel-good effect on its audience down the centuries. Beautifully written, and beautiful in its conception, Much Ado About Nothing, is one of Shakespeares most delightful plays.