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Hello Sir,
In your latest FR lectures for the investment property, you said the “future use as an investment property is under IAS16 until is completed”
but there have changed in the Standard, said that the investment property constructing will still under IAS40 , and here is the extract:“In May 2008, as part of its Annual improvements project, the IASB expanded the scope of IAS 40 to include property under construction or development for future use as an investment property. Such property previously fell within the scope of IAS 16.”
Thank you.
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