SBRDepreciation Recognition under IAS 40 Investment Properties

Dear nnithal123, Under IAS 40 IP, At initial investment property always recorded at cost. Whether or not we take depreciation into operating charges it depends on which model we are taking in, either the cost model or the fair value model. Yes we take in depreciation if we opt for the cost model, however, we need to disclosed the fair value of the property for every reporting date. However, if we take in fair value model, we disregard depreciation.; To answer your question whether or not we take in any charges. Yes, like IAS 16 PPE, we need to assess the nature of the expenditure whether it is capital expenditure or revenue expenditure I hope it helps. Please Whatsapp me if you wish for further discussion upon this matter. +60165270093.