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Non-current assets
Investment property
4.1 Definitions
IAS 40 Investment Property says that investment property is land or
buildings held for rental and/or capital appreciation, or it is land held for
an undecided use.
4.2 Summary of recognition and measurement
INVESTMENT
PROPERTY
Recognise Purchase price
initially at cost + direct costs
Depreciate Fair value
over useful life Cost model model
No depreciation
Profit or loss on
disposal in P/L
Revaluation
gains/losses
recorded in P/L
Further detail can be found in Section 4 of Chapter 5 in your Study Text.
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