QUESTION 2 10 MARKS

1. Explain the difference between an investment property and an owner-occupied property. (2)

2. What are the two measurement models allowed for investment properties and briefly explain how these two models compare to the two models allowed for property, plant and equipment that is owned. (4)

3. Give four examples of evidence of a change in use that would result in a transfer being made either into or out of investment property. (4)