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ias 40

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › ias 40

  • This topic has 1 reply, 2 voices, and was last updated 8 years ago by MikeLittle.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • August 5, 2017 at 1:54 pm #400570
    adarsh1997
    Participant
    • Topics: 646
    • Replies: 282
    • ☆☆☆☆

    Could you explain why the following is not IAS 40?

    -A new office building used by an insurance entity as its head office which was
    purchased specifically in the centre of a major city in order to exploit its capital gains
    potential.

    Thanks.

    August 5, 2017 at 2:02 pm #400572
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23333
    • ☆☆☆☆☆

    Because it’s owner occupied!

    It really cannot be clearer!

    “A new office building used by an insurance entity as its head office”

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    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
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