CLand Limited (CLL) owns the following two buildings in Hong Kong:

	Building A	Building B
Usage	Warehouse	Earning rental income
Date of acquisition	1 January 2012	1 January 2017
Cost of building	$20 million	$18 million
Fair value of the building at 31 December 2019	$28 million	$22 million

CLL has accounted for (i) property, plant and equipment at cost basis and depreciated the cost with an estimated useful life of 30 years and (ii) investment property using the fair value model.

Required:

Classify the two buildings under the relevant financial reporting standards and calculate the respective amounts to be recognised on the statement of financial position as at 31 December 2019 by completing the following table. Show your workings clearly.

Answers

As at 31 December 2019	Building A	Building B
Classification (specify the relevant accounting standard)
Amounts recognized on the Statement of Financial Position