IAS 40Chapter 4Lesson 1
Recognising investment property: criteria and subsequent costs
Step 1 of 7Learning objectives
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Two conditions determine recognition as an asset; after acquisition, day-to-day servicing is an expense and replacing a part is an asset with derecognition of the old one.
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Learning objectives
- State the two recognition criteria for investment property.
- Distinguish day-to-day servicing from replacement of a part.
- Account for a replacement of a part with derecognition of the old one.