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A gain or loss arising from a change in the fair value of investment property shall a
A gain or loss arising from a change in the fair value of investment property shall a. Be recognized in the profit or loss for the period in which it arises b. Be recognized directly to equity in the period in which it arises c. Be recognized as an adjustment to retained eamings at the beginning of the year d. Not be recognized in the accounts
Expert Solution
Answer
a .
Explanation
Under the cost model, investment property is measured at cost less accumulated depreciation and any accumulated impairment losses. Fair value is disclosed. Gains and losses on Sale are recognized in profit or loss. So, the correct option is A "be recognized in the profit or loss for the period in which it arises".
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