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P2-D2.
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maximus07
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In IAS-40 Fair Value model, we revalue asset and show as profit or loss in SOPL.
In IAS-16 Revaluation model, we revalue asset and show as revaluation gain or loss in Other comprehensive income.Can you please tell why? Book only states but don’t tells why.
P2-D2
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It is again due to the usage of the asset. If we have a gain on an investment in equity/debt then the gain goes through profit or loss, hence the same treatment is adopted if we have property that is held for investment purposes.
Thanks
maximus07
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