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Operating lease of investment property

This topic has 1 reply, 2 voices, and was last updated 7 years ago by P2-D2.

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November 10, 2017 at 10:05 am #415073
abdulbasit16
Member
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Sir will we also depreciate an investment property that is held at fair value according to company’s policy but leased out in an operating lease?
November 12, 2017 at 10:01 am #415354
P2-D2
Keymaster
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Hi,
No, if the IP is held at fair value, it is not depreciated.
Thanks
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