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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 ajoutée par Emmanuel Tsikira , accounting assistant , Blakiston Junior School
Date de publication: 2015/02/24
Abdul Ghani
par Abdul Ghani , Chief Accountant , Circuit / Draft FCB

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

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

I AGREE WITH MR M. EL NADY  ANSWER  

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

AGREE WITH MR  Mahmoud El Nady

THANKS 

 

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

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

Utilisateur supprimé
par Utilisateur supprimé

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

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

Saifullah Shirazi
par Saifullah Shirazi , Senior Accountant , Suraj Cotton Mills Limited

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

Utilisateur supprimé
par Utilisateur supprimé

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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