- This topic has 1 reply, 2 voices, and was last updated 7 years ago by
.
Viewing 2 posts - 1 through 2 (of 2 total)
- Posts
Hi Mr MikeLittle
I have a question about the investment properties.Cost in the investment property is the cost which is incurred at the date when the construction or development begins or completed?
Thanks for attentionIt’s the cost of completing the project … it cannot sensibly be the cost as at the commencement because, at the start, it has not yet cost anything!
And even if you intended to suggest that it was an estimate of completing, that estimate being made at the start, it still doesn’t make sense because, at the end of the construction or development we now know the actual cost rather than some arbitrary estimate
OK?
Viewing 2 posts - 1 through 2 (of 2 total)
- The topic ‘IAS 40 Investment Property’ is closed to new replies.