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Non-current assets, agriculture and inventories

Investment property

4.1 Definitions

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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