On 1 April, Itérane stops occupying a building and starts leasing it to third parties (change in use, case data). It measures its investment property at fair value. Up to that date, the building has been depreciated under IAS 16: its carrying amount is 5,600,000. Its fair value at the date of the change in use is 6,300,000. Calculate the difference to be treated as a revaluation under IAS 16.
- Carrying amount before transfer
- 5,600,000
- Fair value at the date of the change in use
- 6,300,000