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e commpauy uRduseu e evanua n r he aif value of land and building respectively on 31 December x2. was RM11 million and RM10.8 million,

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e commpauy uRduseu e evanua n r he aif value of land and building respectively on 31 December x2. was RM11 million and RM10.8 million, 2. Fashion Mode owns a number of prestigious apartments in Mont Kiara which it leases, at below market rate, to famous persons who are under contract of employment to model and promote its clothes and accessories. The lease terms are short and are normally for six months. The leases terminate when the contract for promoting the clothes and accessories end. Fashion Mode wishes to account for these apartments as investment properties and charge the difference between market and actual rental as employee benefit expenses. a Required: Advise Fashion Mode on its accounting treatment of the apartments

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