Question：IAS 40 covers investment properties.
Which one or more of the following is true of IAS 40?
A. If a company owns a whole building, but occupies 25% of it, the remaining 75% can be treated as investment property.
B. Investment property does not need to be depreciated.
C. Investment properties must be revalued every year.
D. Investment property cannot include assets held on finance leases.
The correct answers are:If a company owns a whole building, but occupies 25% of it, the remaining 75% can be treated as investment property; Investment property does not need to be depreciated.
An investment property can now include assets held on finance leases (this was a recent change). It can also be part of a property. Investment properties do not need to be depreciated, but can be held under the fair value model (which requires annual revaluation) or the historic cost model, which requires changes in value only if there is evidence of an impairment loss.
The cost model requires the property to be carried at historical cost less accumulated depreciation less impairment losses.
高顿网校温馨提醒
各位考生，2016年ACCA备考已经开始，为了方便各位学员能更加系统地掌握考试大纲的重点知识，帮助大家充分备考，体验实战，高顿网校开通了全免费的
ACCA题库（包括精题真题和全真模考系统），题库里附有详细的答案解析，学员可以通过多种题型加强练习。
戳这里进入ACCA免费题库>>>
微信扫一扫，关注ACCA*7资讯，满满的干货喂饱你！ACCA微信公众号：gaodunacca
ACCA分享与交流QQ群：227573128
写评论
