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Which of the following statements is/are CORRECT when a company adopts the fair value model for subsequent measurement of its investment property? (i) Increase in

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Which of the following statements is/are CORRECT when a company adopts the fair value model for subsequent measurement of its investment property? (i) Increase in asset value is credited to revaluation reserve. (ii) Increase in asset value is reported in the profit and loss account. Statement (ii) only. None of the statements. Statement (i) only. Both statements

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