An entity using the cost model for investment property in accordance with IAS 40 shall use the cost model for IAS 16 PPE. True or false?

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Moataz Ali Sobhi
08-April-2015

Accounting Financial Reporting Financials Finance Accountancy

Question added by Toyin Adun-FCA-MBA-Finance-CMA , Finance Manager , Emirates Business Group
Date Posted: 2015/11/17

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by Deleted user

True, Investment Property is initially recognized at cost. thus the model used is IAS 16

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