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What would be the increase in the profit or loss

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Afternoon Limited (AL) uses cost model for its property, plant and equipment and fair value model for its investment property. AL has an office building which was being used for administrative purposes. At 1 July 2018, the building had a carrying amount of Rs. 20 million. On that date, the building was let out to a third party and therefore reclassified as an investment property. The building had a fair value of Rs. 23 million on 1 July 2018 and Rs. 23.4 million on 30 June 2019.

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Question 1: What would be the increase in the profit or loss and other comprehensive income for the year ended 30 June 2019?

Reference no: EM132512868

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