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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.

Accounting Cost Accounting Financial Accounting IFRS
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Question added by Moataz Elsabawy , مدير مالى , مجموعه شركات الانصار
Date Posted: 2017/02/27
Upvote (0) Views (9) Followers (5) Answers (3) Report Question
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Sunila Oturkar
by Sunila Oturkar , Business Planning and Reporting Analyst , hewlett-packard(hp)

 

  • D. Part of a building held to earn rentals.

AHMAD OMAR CMA-CertIFR
by AHMAD OMAR CMA-CertIFR , Accounting Manager , NADIA BAKHURJI ARCHITECTS & INTERIOR DESIGN CONSULTANTS

A] Land held for use in the production or supply of goods or services is an example of investment property.

 

Ashraf E. Mahmoud (PhD)
by Ashraf E. Mahmoud (PhD) , University Lecturer, Freelancer Consultant and Trainer for Int'l Business & Banking TF. , FreeLancer

I do believe that the right answer is (A).

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