If an entity uses an insignificant part of a building for their own use, and rents the remainder. How should this be treated? O A. All as investment property under IAS40 - Investment property B. Account for separately under IAS 16 - Property, plant and equipmet and IAS 40 - Investment property O C. All under IAS 16 - Property, plant and equipment

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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If an entity uses an insignificant part of a building
for their own use, and rents the remainder. How
should this be treated?
O A. All as investment property under IAS40
- Investment property
B. Account for separately under IAS 16 -
Property, plant and equipmet and IAS
40 - Investment property
OC. All under IAS 16 - Property, plant and
equipment
D. None of these.
Transcribed Image Text:If an entity uses an insignificant part of a building for their own use, and rents the remainder. How should this be treated? O A. All as investment property under IAS40 - Investment property B. Account for separately under IAS 16 - Property, plant and equipmet and IAS 40 - Investment property OC. All under IAS 16 - Property, plant and equipment D. None of these.
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