IAS 40 Investment propertyForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › IAS 40 Investment propertyThis topic has 5 replies, 3 voices, and was last updated 10 years ago by MikeLittle.Viewing 6 posts - 1 through 6 (of 6 total)AuthorPosts September 15, 2014 at 3:41 am #194968 sashimiMemberTopics: 3Replies: 11☆Hi Mike! IAS 40 allows us to choose between fair value model and cost model, but is there any criteria for choosing? For eg fair value can’t be measured so have to use cost model? September 15, 2014 at 3:52 am #194969 alkemistParticipantTopics: 3Replies: 493☆☆☆No criteria. Basically left to the discretion of the entity. September 15, 2014 at 4:37 am #194971 sashimiMemberTopics: 3Replies: 11☆if we choose cost model, we need to depreciate it, but since the property is not held for use, depreciation seems not appropriate? September 15, 2014 at 5:14 am #194973 MikeLittleKeymasterTopics: 27Replies: 23282☆☆☆☆☆But it’s what the IAS says so its what we must do! September 16, 2014 at 5:26 pm #195172 sashimiMemberTopics: 3Replies: 11☆thank you for solving this!!! September 16, 2014 at 7:20 pm #195185 MikeLittleKeymasterTopics: 27Replies: 23282☆☆☆☆☆No worries!AuthorPostsViewing 6 posts - 1 through 6 (of 6 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In