Explain: a. b. Investment property under MFRS 140 Investment Property and explain why its accounting treatment...
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Explain: a. b. Investment property under MFRS 140 Investment Property and explain why its accounting treatment is different from that of owner-occupied property. (6 marks) The accounting treatment of an investment property carried under the fair value model differs from an owner-occupied property carried under the revaluation model. (6 marks) The accounting treatment for a building which is partly used as an investment property and partly occupied by the owner. (3 marks) Explain: a. b. Investment property under MFRS 140 Investment Property and explain why its accounting treatment is different from that of owner-occupied property. (6 marks) The accounting treatment of an investment property carried under the fair value model differs from an owner-occupied property carried under the revaluation model. (6 marks) The accounting treatment for a building which is partly used as an investment property and partly occupied by the owner. (3 marks)
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a As per MFRS 140 Investment property is property land or a building or both held to earn rentals or ... View the full answer
Related Book For
Business Law The Ethical Global and E-Commerce Environment
ISBN: 978-1259917110
17th edition
Authors: Arlen Langvardt, A. James Barnes, Jamie Darin Prenkert, Martin A. McCrory
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