ents. Ch8-31 3./SHI Port Authority has a building signed up under agreement from a third party for 20 years. The company renovated the lease property and converted it into a sea-freight forwarders' office block which is successfully rented out to various tenants. The lease rentals it is paying out have been accounted for as if it were a finance lease in operating lease an accordance with MFRS 117 Leases. Required: Can the building which does not belong to SHI Port Authority be accounted for as an investment property and how will the carrying amount of the building be measured? Advise SHI Port Authority building on the treatment of the