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confused over IAS 16 PPE and IAS 40 Investment Property

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › confused over IAS 16 PPE and IAS 40 Investment Property

  • This topic has 1 reply, 2 voices, and was last updated 11 years ago by AvatarMikeLittle.
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  • December 1, 2014 at 4:19 pm #215225
    Avatarannz2020
    Member
    • Topics: 17
    • Replies: 14
    • ☆

    Dear Sir,

    IAS 16 Property, Plant and equipment
    It Question say own used building, that building would have depreciation over its economic useful life, any gain or loss on revaluation would showed in Other Comprehensive Income, am i correct?

    Operating lease building treatment?
    Depreciation – Dr.P/L
    Gain/(Loss) in Retained Earnings?

    Thank you

    December 1, 2014 at 4:23 pm #215227
    AvatarMikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23369
    • ☆☆☆☆☆

    Is this two questions or just one?

    If it’s an operating leased building, why are we depreciating it?

    If we are depreciating it, why are you calling it “Operating lease building treatment”

    I’m confused

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