CERTYNEX IFRS ACADEMY

Valvane holds three properties: (1) apartments built to be sold in the ordinary course of its business, (2) a building in which it carries on its business, (3) a building leased to third parties. Which allocation of standards is consistent?

(1) IAS 40; (2) IAS 16; (3) IAS 2.

(1) IAS 16; (2) IAS 40; (3) IAS 16.

(1) IAS 40; (2) IAS 40; (3) IAS 40, all being real estate.

(1) inventory (IAS 2); (2) IAS 16; (3) IAS 40.