ias 40Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › ias 40This topic has 1 reply, 2 voices, and was last updated 8 years ago by MikeLittle.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts August 5, 2017 at 1:54 pm #400570 adarsh1997ParticipantTopics: 646Replies: 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 MikeLittleKeymasterTopics: 27Replies: 23329☆☆☆☆☆Because it’s owner occupied!It really cannot be clearer!“A new office building used by an insurance entity as its head office”AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)The topic ‘ias 40’ is closed to new replies.