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n of the following statements' is the fair value model of valuing erty?

n of the following statements' is the fair value model of valuing erty?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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15. Which of the following statements' is incorrect under the fair value model of valuing investment property? Equipment such as lifts or air-conditioning is ofter an integral part of a building and is generally included in the fair value of the investment property The fair value of investment property does not reflect future capital expenditure that will improve or enhance the property and does not reflect the related future benefits from this future expenditure. The fair value of investment property includes prepaid or accrued operating lease income, because the entity recognises it as a separate liability or asset If an office is leased on a furnished basis, the fair value of the office generally includes the fair value of the furniture, because the rental income relates to the furnished office
Transcribed Image Text:15. Which of the following statements' is incorrect under the fair value model of valuing investment property? Equipment such as lifts or air-conditioning is ofter an integral part of a building and is generally included in the fair value of the investment property The fair value of investment property does not reflect future capital expenditure that will improve or enhance the property and does not reflect the related future benefits from this future expenditure. The fair value of investment property includes prepaid or accrued operating lease income, because the entity recognises it as a separate liability or asset If an office is leased on a furnished basis, the fair value of the office generally includes the fair value of the furniture, because the rental income relates to the furnished office
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