Which is inaccurate regarding the accounting for investment property?LO1. a. The carrying amount cannot be historical cost.

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Which is inaccurate regarding the accounting for investment property?LO1.

a. The carrying amount cannot be historical cost.

b. Any difference between the fair value of an investment property and its carrying amount is recognized in profit or loss.

c. Investment property can be revalued to fair value.

d. Investment property is not depreciated.

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Financial Accounting A Global Perspective

ISBN: 9780470518403

1st Edition

Authors: Rod Monger

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Question Posted: Jun 16, 2024 04:19 AM

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Which is inaccurate regarding the accounting for investment property?LO1. a. The carrying amount cannot be historical cost.

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Financial Accounting A Global Perspective

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