Which one of the following is not true concerning the treatment of investment properties under IAS 40?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Which one of the
following is not true
concerning the treatment
of investment properties
under IAS 40?
Transcribed Image Text:Which one of the following is not true concerning the treatment of investment properties under IAS 40?
A. Following initial recognition,
investment property can be held
at either cost or fair value.
B. If an investment property is
held at fair value, this must be
applied to all of the entity's
investment property.
C. An investment property is
initially measured at cost,
including transaction costs.
D. A gain or loss arising from a
change in the fair value of an
investment property should be
recognised in other
comprehensive income.
Transcribed Image Text:A. Following initial recognition, investment property can be held at either cost or fair value. B. If an investment property is held at fair value, this must be applied to all of the entity's investment property. C. An investment property is initially measured at cost, including transaction costs. D. A gain or loss arising from a change in the fair value of an investment property should be recognised in other comprehensive income.
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