Find out Investment property under construction is measured at?a) Fair value if reliably measurable, otherwise costb) Fair value onlyc) Cost onlyd) Lower of cost or market

Concept of Investment Property:Investment property refers to land or buildings held by a company to…

Answered: Investment property under construction…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

ChapterA2: Investments

Section: Chapter Questions

Problem 7DQ

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Under IFRS, how are investment properties subsequently measured? a) The cost model must be used. b) The cost or fair value models may be used. c) The cost or revaluation models may be used. d) The fair value model must be used.
Read the financial accounting Question & provide answer
A right of use asset is initially measured at costs and subsequently measured using the A. Cost model B. Fair value model C. Revaluation model D. Any of these
In what way does the fair value model for investment property differ from the revaluation model for PPE?
Which one of the following is an essential characteristic of an asset? A. The inflow of future economic benefits is controlled by the enterprise B. It must be exclusively owned and must be exchangeable C. The cost of the asset can be measured accurately D. It is a result of either a past or predictable transaction or activity
Select the investment accounting approach with the correct valuation approach: Not Held-for-Collection Held-for-Collection a. Amortized cost Amortized cost b. Fair value Fair value c. Fair value Amortized cost d. Amortized cost Fair value
When is a project is said to be a net investment?
In general terms, what is the Capital AssetPricing Model (CAPM)? What assumptions weremade when it was derived?
What is the meaning of the following:- IAS 40 paragraph 32A, An entity may: (a) choose either the fair value model or the cost model for all investment property backing liabilities that pay a return linked directly to the fair value of, or returns from, specified assets including that investment property; and (b) choose either the fair value model or the cost model for all other investment property, regardless of the choice made in (a).
If a company uses the fair value model to value investment property, changes in the fairvalue of the asset are least likely to aff ect:A. net income.B. net operating income.C. other comprehensive income.
Insurance value differs from market value in that? a) the value is only attributed to the replacement value of the structure b) includes the land and structure values c) fair market value is not insurable d) it includes only the land value

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Investment property under construction is measured at? a) Fair value if reliably measurable, otherwise cost b) Fair value only c) Cost only d) Lower of cost or market