ABC limited acquired a property on face January 2004 at a cost of Gh400,000 and immediately occupied it as an office premises .On acquisition it was estimated to have a useful life of 50 years . Subsequent to its acquisition , the asset was measured at depreciation cost onto 1st October 2009 when management of ABC Limited decided to convert the building into an investment property (mainly for rentals ). Following this decision , the property was a fair value at Gh380,000. ABC adopted a fair value model for subsequent measurement Of the investment property . At 31st December 2009 , it was fair valued at Gh 390,000 . Requirement in accordance with IAS 40 investment property , account for the treatment of this property in the 2009 financial statement of ABC limited