Question
Transfers from investment property to property, plant and equipment are appropriate A.When there is change of use B.Based on the entity's discretion C.Only when the
Transfers from investment property to property, plant and equipment are appropriate
A.When there is change of use
B.Based on the entity's discretion
C.Only when the entity adopts the fair value model under IAS 28
D.The entity can never transfer property into another classification on the balance sheet once it is classified as investment property
Can you please explain the answer too.
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Financial and Managerial Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
3rd edition
978-1-119-3916, 1119392132, 1119392136, 9781119391609, 1119391601, 978-1119392132
