Investment property - Introduction
16.1 Investment property applies to accounting for investments in land or buildings that meet the definition of investment property (See Definition and initial recognition of investment property – Owner and Lessee) and some property interests held by a lessee under an operating lease (see Definition and initial recognition of investment property - Lessee) that are treated like investment property. Only investment property whose fair value can be measured reliably without undue cost or effort on an ongoing basis is accounted for in accordance with this section at fair value through profit or loss. All other investment property is accounted for using the cost model in Property, Plant and Equipment and remains within the scope of Property, Plant and Equipment unless a reliable measure of fair value becomes available and it is expected that fair value will be reliably measurable on an ongoing basis. ...continue reading "Investment Property"