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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Confuse about standard
I have a confusion about what standard will apply if parent leased out its investment property to subsidiary and after 9 month subsidiary sublet it to third party.
What standard will apply in consolidated FSs. IAS 16 or IAS 40
Assume this is an operating lease
In parent’s books -IP
In group books – before sub-lease – PPE; after sub-lease- IP
