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A building classified as part of PPE is accounted for differently from a building classified as Investment Property. The cost and fair value models are

A building classified as part of PPE is accounted for differently from a building classified as Investment Property. The cost and fair value models are available for both, but whereas PPE is depreciated under both models, Investment Property is depreciated only under the cost model. Discuss the logic or illogic of these accounting rules.

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