A business owns a building which it has been using as a head office. In order to
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Question:
A business owns a building which it has been using as a head office. In order to reduce costs, on June it moved its head office functions to one of its production centers and is now letting out its head office. Company policy is to use the fair value model for investment property.The building had an original cost on January for $ and was being depreciated over years. At December its fair value was judged to be $Required:How will this appear in the financial statements at December
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