Question: 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

Explain: a. Investment property under MFRS 140 Investment Property and explain why its accounting treatment is different from

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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