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Nivea (Pty ) Ltd owns two investment properties, A and B, the fair values of which are: 31 December 2016 31 December 2017 $ million
Nivea (Pty ) Ltd owns two investment properties, A and B, the fair values of which are: 31 December 2016 31 December 2017 $ million $ million Property A 15 20 Property B 10 8 The original cost of the properties was $9 million each when they were acquired on 1 January 2015. The entity uses the fair value model to value all its investment properties. Required: How will these transactions be accounted for in the financial statements
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