Tarvan applies the fair value model. Its investment properties were carried at 6,400,000 at the start of the period. It acquired a new one during the period for 800,000. The fair value of the whole at the reporting date is 7,450,000. What amount is recognised in profit or loss for the change in fair value?
- Opening carrying amount
- 6,400,000
- Cost of the property acquired
- 800,000
- Closing fair value
- 7,450,000