CERTYNEX IFRS ACADEMY

Calvera leases an office tower to third parties. It provides security and cleaning of the common areas, services that represent about 3% of the value of the lease arrangement (case assumption). Which classification is consistent with the rule?

Owner-occupied property, because the owner provides services to the occupants of the property.

Inventory, because the services provided to the occupants resemble an ordinary commercial activity of the entity.

Classification is impossible until a minimum percentage of services is set by the standard.

Investment property: the services provided to the occupants are a relatively insignificant component of the arrangement as a whole.