Page 5 - Finac1 Test 3 slides - 4. Investment Property
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TEST 3 PREPARATION
Outcomes
• Define investment property.
• Classify property as investment property.
• Account for initial measurement of investment
property, including subsequent measurement at either
the fair value model or cost model.
• Account for the effect of transfers between investment
property and other assets and derecognition of
investment property.
• Recognise and account for deferred taxation on
investment property.
• Disclosure of investment property.
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