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متابعة

Under IFRS, which of the following items is considered investment property?

a. Land held for use in the production or supply of

goods or services.

b. A building held for use for administrative purpose.

c. Land held for sale in the ordinary course of

business.

d. Part of a building held to earn rentals.

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تم إضافة السؤال من قبل مستخدم محذوف‎
تاريخ النشر: 2015/02/28
Mohammed Hussain Shah
من قبل Mohammed Hussain Shah , Finance Manager , Al-Naba Contracting Co. Ltd

Option d. is the most appropriate choice...

Mir Mujtaba Ali
من قبل Mir Mujtaba Ali , Internal Audit Manager , Confidential

d. Part of a building held to earn rentals.

Abd ElRahman Mohammed Idris Mohammed
من قبل Abd ElRahman Mohammed Idris Mohammed , Internal Audit Manager , Kenana Sugar Company Limited

(D) is the correct answer...........................

Asif Hussain
من قبل Asif Hussain , Accountant , Al Howail Company

Rental building is the best investment property

Sara Khan
من قبل Sara Khan , financial and admin assistant , Ministry Of Defence

Agreed with Sir Mir Mujtaba Ali..option D is answer.

Naeem Afzal
من قبل Naeem Afzal , Accountant , Merhatta International Recruiting Agency

Yes, (d) is the right option.

مستخدم محذوف‎
من قبل مستخدم محذوف‎

It can only be (D), the building held to earn rentals.

Rentals must be from external parties of the group of companies.

Naveen Moras
من قبل Naveen Moras , Account Manager , Apex Group Ltd

d. Part of a building held to earn rentals. (rent from third parties or outside company)

IMRAN ALI MOHAMMED
من قبل IMRAN ALI MOHAMMED , Accounts Officer , M/s. Euro Glazing Ltd

Hiya, 

 

It's quite a good question, anyone can get tricked and think the answer as A, which is not the case. According to IFRS rules a land or a building held for capital appreciation or  to earn rentals or both is considered as Investment Property. Hence the answer is both C & D.

 

Some might argue with my answer for 'C' but as the land is not depreciated as it is consider as unlimited useful lives. So C is also an Investment Property.

 

aziz urrehman
من قبل aziz urrehman , key account executive , alkhair group of companies foam manufacturing

D IS THE ANSWER FOR THE Q.

sudheer abbas
من قبل sudheer abbas , Senior Accountant , SWCC Projects

i think d is more apropiate answer that part of the building held to earn rentals

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