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property

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › property

  • This topic has 2 replies, 2 voices, and was last updated 2 days ago by xyzc.
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  • December 16, 2022 at 10:48 am #674745
    xyzc
    Participant
    • Topics: 350
    • Replies: 124
    • ☆☆☆

    Any difference at the transfer date from a capitalised property when transferred to an investment property is treated as what

    December 30, 2022 at 8:35 am #675194
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 6451
    • ☆☆☆☆☆

    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.

    January 28, 2023 at 8:04 am #677490
    xyzc
    Participant
    • Topics: 350
    • Replies: 124
    • ☆☆☆

    What is a capitalised property. What is the difference between a capitalised property and an investment property

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