Need help with financial reporting question

Question 1 XYZ Inc. and its subsidiaries have provided you, their International Financial Reporting Standards (IFRS) specialist, with a list of the properties they own i.Land held by XYZ Inc. for undetermined future use ii.A vacant building owned by XYZ Inc. and to be leased out under an operating lease ii. Property held by a subsidiary of XYZ Inc., a real estate firm, in the ordinary course of its business Property held by XYZ Inc. for the use in production A hotel owned by ABC Inc., a subsidiary of XYZ Inc., and for which ABC Inc security services for its guests' belongings iv. . provides Required a. Define an investment property b.State three (3) different circumstances in which a property might be classified as an (2 marks) (3 marks) investment property Advise XYZ Inc. and its subsidiaries as to which of the above-mentioned properties would qualify under IAS 40 as investment properties. If they do not qualify thus, how should they be treated under IFRS? (15 marks, b. Identify and explain when investment property is recognized. (5 marks) (Total 25 marks) Question 1 XYZ Inc. and its subsidiaries have provided you, their International Financial Reporting Standards (IFRS) specialist, with a list of the properties they own i.Land held by XYZ Inc. for undetermined future use ii.A vacant building owned by XYZ Inc. and to be leased out under an operating lease ii. Property held by a subsidiary of XYZ Inc., a real estate firm, in the ordinary course of its business Property held by XYZ Inc. for the use in production A hotel owned by ABC Inc., a subsidiary of XYZ Inc., and for which ABC Inc security services for its guests' belongings iv. . provides Required a. Define an investment property b.State three (3) different circumstances in which a property might be classified as an (2 marks) (3 marks) investment property Advise XYZ Inc. and its subsidiaries as to which of the above-mentioned properties would qualify under IAS 40 as investment properties. If they do not qualify thus, how should they be treated under IFRS? (15 marks, b. Identify and explain when investment property is recognized. (5 marks) (Total 25 marks)