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

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.

Accounting Auditing IFRS CMA

Question added by Deleted user
Date Posted: 2015/04/08

Upvote (1) Views (21) Followers (6) Answers (5) Report Question

by Iftikhar Hussain Shah , Senior Manager , Deloitte LLP

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

by Muhammad Hamid , Senior Financial Accountant , Al Rowad Trading Co LLC

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

by Syed Ali Raza , Business Planning and Strategy Manager , Saudi British Bank

Option B Cost model or fair value model

by Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

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

by Saiyid Maududi-Oracle Applications Consultant , Entrerprise Architect , US Technomatrix, Inc

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

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