Page 5 - 2018 Finac1 Test 3 Class Slides - 4. Investment Property

TEST 3 PREPARATION

Introduction – IAS 40

• Investment property is property held to earn

rentals or for capital appreciation or both.

• Investment property is therefore not property held

for use in the production or supply of goods or

services or for administrative purposes (owner-

occupied property).

• The standard prescribes the accounting treatment

for investment property and related disclosure

requirements.

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