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Rabie Ltd, a property developer, constructs a residential property for sale. Rabie Ltd has a history of developing properties for sale immediately after completion. As

Rabie Ltd, a property developer, constructs a residential property for sale. Rabie Ltd has a history of developing properties for sale immediately after completion. As property prices are at a multi-year low and there are few buyers in the market, the entity decides to rent out the property until market activity improves. In light of the above information, discuss the appropriate treatment of the constructed residential property. In light of the above information, discuss the appropriate treatment of the constructed residential property.

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