Oravane measures its investment property at fair value. On 1 October, it moves its head office into one of them (change in use evidenced, case data). Its carrying amount at the last reporting date was 4,600,000; its fair value on 1 October is 4,750,000. At what amount is the owner-occupied property recognised, as deemed cost, in its subsequent accounting?
- Carrying amount at the last reporting date
- 4,600,000
- Fair value at the date of the change in use
- 4,750,000