1.1 What criteria would be used to classify a Property as either an Investment Property or as Property, Plant and Equipment? 1.2 Give 3 examples of property which are classified as investment property? 1.3 Give 4 examples of property which are NOT classified as investment property? 1.4 Discuss the subsequent measurement of an entity which has chosen to account for Investment property at Fair value? QUESTION 2 CG Ltd owned and leased out a town building. This was classified as investment property on 31 December 2021. During a freak accident, the owners had to relocate to its town building. The tenants were forced to move out from 1 June 2022. On 31 December 2021, the fair value of building was R425 000. On 1 June 2022, the fair value of the building is R475 000 . It had a remaining useful life of 10 years and a residual value of R6000. Journalise the above transaction for the year ended 31 December 2021 and 31 December 2022 (journal narration are required)