Which one of the following is not true concerning the treatment of investment properties under IAS 40?a.A gain or loss arising from a change in the fair value of an investment property should be recognised in other comprehensive incomeb.If an investment property is held at fair value, this must be applied to all of the entity's investment property.c.An investment property is initially measured at cost, including transaction costsd.Following initial recognition, investment property can be held at either cost or fair value.Clear my choice

Under IAS 40 Investment Property, which of the following transfers could result in a change from a cost model to a fair value model?  A transfer from investment property to owner-occupied property  A transfer from inventories to property available for rental  A transfer from investment property to inventories, when the property is intended for sale A.1 only B.2 only C.1 and 2 only D.1, 2 and 3

An investment property should be measured initially ata.Cost less accumulated impairment losses.b.Cost.c.Fair value less accumulated impairment losses.d.Depreciable cost less accumulated impairment losses.

The following statement is true for financial assets  measured at fair value through other comprehensive incomeAnswer :Fair value is recognised at the year end   Fair value changes are reflected in other comprehensive income Transaction cost is included as part of initial measurment   All of the above

A gain arising from a change in the fair value of an investment property for which an entity has opted to use the fair value model is recognized ina.None of the above.b.Valuation reserve in the shareholders’ equity.c.General reserve in the shareholders’ equity.d.Statement of profit or loss for the year.Clear my choice

f the fair value less costs to sell cannot be determineda.The net realizable value is used.b.The carrying value of the asset remains the same.c.The recoverable amount is the value-in-use.d.The asset is not impaired.