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Hi sir, may I knw what are the similarities and differences for investment property and property, plant and equipment?
thanks sirPPE is held for use in the business
Investment property is held for its income earning potential or anticipated capital appreciation
Similarities? They are both items of non-current assets
Will that do?
Yes, both involve property
I don’t know where you want me to go with this … I could be silly and say “Yes, both are the subject of their own IAS” or I could say that both are depreciated (PPE always and Investment Property when applying the cost model)
Why are you asking – is this a question that has been asked of you? Because you’re not likely to have a question in F7 / Financial Reporting that asks for differences and similarities
OK?
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