(a) Define the term investment property and explain the two models permitted by international standard IAS40 for...
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(a) Define the term "investment property" and explain the two models permitted by international standard IAS40 for the measurement of investment property after its initial recognition.
(b) How do these two models differ from the two models permitted by IAS16 in relation to the measurement of property, plant and equipment?
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1 An investment property is real estate purchased to generate income ie earn a return on the investment through rental income or appreciation Investment properties are typically purchased by a single ...View the full answer
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Related Book For 
International Financial Reporting A Practical Guide
ISBN: 978-1292200743
6th edition
Authors: Alan Melville
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