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Regard the ROMM , in the case the mention that the group purchased land in three locations in Farland at a cost of $75 m also the purchase an existing hotel complex …. and all of these assets recognized at cost as PPE
Shouldn’t the land be separately recognized rather than being recognized under PPE ?
Thanks
Property = Land + buildings
There is no requirement to analyse separately
The only property that would have to be distinguished separately from PPE would be investment property (which could be land and/or buildings)
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