IAS 40 Investment Property

Question 1

defintion

Answer 1

If development completed, held for investment potential and may be rented on arms length basis to non-group member.

Question 2

Valuations (4)

Answer 2

• Use cost model - i.e. depreciation

- Use valuation model - i.e. don’t depreciate and keep valuation up to date with revals going to P/L