IP is initially measured at cost and upon initial recognition, an entity should choose whether to account the IP under the Q18 or Q19. Refer to the schedule above and answer Q18-019 18.018: 19.019: 20. If the FV model is chosen, the company should measure of its investment properties at fair value except if the fair value is not reliably determinable. 21. A gain or loss arising from a change in the fair value of IP should be recognised in the income statement as or FV gain loss in profit or loss. 22. The IP measured under the FV model is NOT subjected to test. 23. After the initial recognition, if an entity that chooses the it should measure all of its IP in accordance to MFRS116 PPE. The asset would then be measured at Cost- Accumulated depreciation- Accumulated impairment losses. 24. An entity that chooses the cost model must this cannot be determine reliably). of its investment property (unless IP is initially measured at cost and upon initial recognition, an entity should choose whether to account the IP under the Q18 or Q19. Refer to the schedule above and answer Q18-019 18.018: 19.019: 20. If the FV model is chosen, the company should measure of its investment properties at fair value except if the fair value is not reliably determinable. 21. A gain or loss arising from a change in the fair value of IP should be recognised in the income statement as or FV gain loss in profit or loss. 22. The IP measured under the FV model is NOT subjected to test. 23. After the initial recognition, if an entity that chooses the it should measure all of its IP in accordance to MFRS116 PPE. The asset would then be measured at Cost- Accumulated depreciation- Accumulated impairment losses. 24. An entity that chooses the cost model must this cannot be determine reliably). of its investment property (unless