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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › property
Any difference at the transfer date from a capitalised property when transferred to an investment property is treated as what
It depends on how the asset was previously treated and whether it was the cost or revaluation model. Essentially we follow the rules of IAS 16 in dealing with the change in value.
Thanks.
What is a capitalised property. What is the difference between a capitalised property and an investment property