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When we have classifed right to use asset as Investment Property, what is the accounting treatment when the lease term ends ?
Because we have not depreciated it , how we will account for its derecognition ?Can you guide me through the journal entries please because i’m getting confused
When we derecognise Investment property we are effectively selling it and we receive cash in exchange
But here we are not getting any considerarion in return so what will be the debit entry ?
Thanks
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