Dear tutor, Could you please help me to clarify some questions on the accounting treatment of investment property. For example, we buy property 1st of November at market Value 100 USD, tax, legal fees and else related cost- 5USD. so our initial cost will be 105USD. company uses Faire value model.
Which revaluation cost should be applied for next examples? A) 31 of December market price for this property still 100USD (same as it was when we bought it) B) 31 of December market price for this property still 105USD