Question: Problem Two: 1) PP & E, except for land, is depreciated under both the cost and fair value (revaluation) models. 2) Investment property is depreciated

Problem Two: 1) PP & E, except for land, is depreciated

Problem Two: 1) PP & E, except for land, is depreciated under both the cost and fair value (revaluation) models. 2) Investment property is depreciated under the cost model but not under the fair value model. 3) PP & E held for sale is not depreciated at all. Discuss whether these inconsistencies can be justified with logic

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