According to IFRS, which accounting policy may an entity apply to measure investment property in periods subsequent to initial recognition?

Question

A. Cost model or revaluation model.

B. Cost model or fair value model.

C. Fair value model only.

D. Fair value model or revaluation model.

Iftikhar Hussain Shah · Answer

Subsequent to initial recognition, investment property may be measured at cost or fair value. Therefore, option B is correct.

Muhammad Hamid · Answer

Option B Cost model or fair value model is the correct answer

Syed Ali Raza · Answer

Option B Cost model or fair value model

Shahbaz Hayder · Answer

Cost model or Fair value model can be used for subsequent measurement.

Saiyid Maududi-Oracle Applications Consultant · Answer

Cost is the amount of cash and Fair value is the amount for which an asset could be exchanged between knowledgeable and willing parties.

The answer according to IFRS should be------------ B

The answer is B