Identify the building owns by zirra berhad

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Reference no: EM132611937

Zirra Berhad rented its building in Subang to Lirous Sdn Bhd under operating leases. Every month, Lirous Bhd will deposit RM5,000 in the bank account of Zirra Berhad as a rental payment. One section of the building is used by Zirra Berhad to occupy its administration and maintenance staff office. It is measured that less than 2% of the floor area of the building is used to occupy the office.

Question 1: Identify whether the building owns by Zirra Berhad above is an item of investment property in accordance with MFRS 140 Investment Property.

Reference no: EM132611937

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