Question 7 (1 point) Under IFRS, what cost is specifically excluded from being capitalized as part of the cost of an investment property? a) Delivery of materials needed for construction of an investment property. b) Standard wasted material costs incurred in the construction of an investment property. Losses incurred after construction is complete and before the property is fully occupied. d) Replacement of a key component of the investment property with more environmentally friendly parts. Question 8 (1 point) Under IFRS, how are investment properties subsequently measured? a) The cost model must be used. W 4 b) The cost or fair value models may be used. c) The cost or revaluation models may be used. d) The fair value model must be used