12. On 31 March 20X5 DD Limited purchased a building which it intended to hold for capital appreciation for $1 million. On the purchase date it was unclear what the fair value of the building was. By 31 March 20x6, due to a boom in the property industry, the fair value of the building was estimated to be $15 million. Required: Calculate the carrying amount of the investment property on the 31 March 20X 5 and 20x6; assuming the following: The company's accounting policy is to carry investment property at fair value, and Buildings are depreciated over a useful life of 20 years