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I am seeing in a number of exercises and i cannot distinguish the difference correctly.
In particular they have business combinations where the fair value adjustment is on non depreciable land.
There are other investment properties in the parent own SOFP.
I took non depreciable land and put it in investment property because it has no buildings and i assume they are deciding what to do with it (considering it came with the subsidiary).
i see they always transfer it to PPE
Is there a rule in this case (other than the obvious ones in the standard which i read before writing)?
Unless stated otherwise the land is used in the business as part of its operations and so would form part of PPE. I can see where you are coming from but unless we are holding the land for investment purposes it will be PPE.