CAF-1 · Chapter 4 · Question 15 of 15
Which of the following is a general disclosure requirement for all investment properties under IAS 40?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) Whether the entity applies the fair value model or the cost model.
Explanation
An entity must disclose whether it applies the fair value model or the cost model as its accounting policy for investment properties.
More IAS 40 Investment Property MCQs
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- Q4Which of the following properties is classified as an investment property under IAS 40?
- Q5If a company owns a building and leases it out to an independent third party under an operating lease, how is it classified?
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