investment property

investment property - INVESTMENT PROPERTY IAS 40 IAS 40...

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INVESTMENT PROPERTY IAS 40
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2 IAS 40 – Objective and Scope IAS 40 identifies what an investment property is, how it differs from property, plant and equipment (owner-occupied property); and what recognition, measurement and disclosure standards apply to investment properties
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3 IAS 40 – Objective and Scope Investment property is defined as: property held to earn rentals or for capital appreciation or both, rather than for (a) use in the production or supply of goods or services or for administrative purposes; or (b) sale in the ordinary course of business NO DEFINITION UNDER CND GAAP
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4 IAS 40 - Recognition Investment property is recognized as an asset when: - it is probable that its future economic benefits will flow to the entity, and - its cost can be measured reliably
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5 IAS 40 – Measurement at Recognition Investment property is recognized initially at cost – applying the cost model of IAS 16 Property, Plant and Equipment – including what is capitalized in cost and the principles for non-monetary transactions Leased investment property is measured according to IAS 17 Leases
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investment property - INVESTMENT PROPERTY IAS 40 IAS 40...

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