CERTYNEX IFRS ACADEMY

Xalme's accounting department must determine the fair value of an investment property measured under the fair value model, and hesitates between four frameworks. Which one frames this determination?

An internal scale of the entity, validated each year by management.

IFRS 13, to which IAS 40 refers for determining fair value.

The IAS 16 revaluation model, because the property is a tangible asset.

The value in use of IAS 36, because it reflects the use the entity expects.