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How can one differentiate the difference between Investment Property (IAS 40) and Property, Plant and Equipment (IAS 36)?

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Question added by Emmanuel Tsikira , accounting assistant , Blakiston Junior School
Date Posted: 2015/02/24
Abdul Ghani
by Abdul Ghani , Chief Accountant , Circuit / Draft FCB

Investment property purchase for income and property, plant and Equipment are fixed assets of company

FITAH MOHAMED
by FITAH MOHAMED , Financial Manager , FUEL AND ENERGY CO for transportion petroleum materials

I AGREE WITH MR M. EL NADY  ANSWER  

Ahmed kandil
by Ahmed kandil , Cost Controller , Battour Holding Cpompany

AGREE WITH MR  Mahmoud El Nady

THANKS 

 

Mir Mujtaba Ali
by Mir Mujtaba Ali , Internal Audit Manager , Confidential

Well answered by experts <>>>>>>>>>>>

Deleted user
by Deleted user

agreed with all ..........................

IAS40investment property is a property which is held by business for investment purposes but IAS36 relates to impairment of  assets.

Saif ullah
by Saif ullah , Manager Accounts And Finance , Pakitex Board Pvt Ltd

IAS40 deals with Investment in property that is held for rental or for appreciation in value not for business use

While

IAS36 deals with Impairment of Asset (Property Plant and Equipment) which states that assets should not carried more than recoverable amount

Deleted user
by Deleted user

Investment Property (IAS40)  deal with those assets which are held for investment purpose whereas IAS36 are deal with impairment of assets 

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