How should kay bhd account for the building

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Problem 1: Kay Bhd owns an 8-level building in Segamat. 2 levels are occupied by Kay Bhd as its headquarters. Meanwhile 2 levels are rent out to Affin Bank, 2 levels for Z hotel, and another 2 levels to its subsidiary - Kay Jr Bhd. The portions of the building cannot be sold separately. For group reporting purposes, how should Kay Bhd account for the building?

a) 2 levels as property, plant & equipment under MFRS116, 6 levels as investment property under MFRS140.

b) 4 levels as property, plant & equipment under MFRS116, 4 levels as investment property under MFRS140.

c) 8 levels as property, plant & equipment under MFRS116.

d) 8 levels as investment property under MFRS140.

Reference no: EM132962839

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