Question
The accounting treatment of investment properties is prescribed by IAS 40 Investment Property. Required: (i) Define investment property under IAS 40 and explain why its
The accounting treatment of investment properties is prescribed by IAS 40 Investment Property.
Required:
(i) Define investment property under IAS 40 and explain why its accounting treatment is different from that of owner-occupied property;
(ii) Explain how the treatment of an investment property carried under the fair value model differs from an owner-occupied property carried under the revaluation model.
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Principles Of Food Beverage And Labor Cost Controls
Authors: Paul R. Dittmer, J. Desmond Keefe III
9th Edition
0471783471, 978-0471783473
