Reference no: EM132699306

Problem 1. When an investment property under construction is completed and to be carried at fair value, the difference between the carrying amount and fair value shall be

Group of answer choices

Option 1: Accounted for as revaluation of property, plant and equipment

Option 2: Included in other comprehensive income

Option 3: Included in retained earnings

Option 4: Included in profit or loss

Problem 2. Subsequent to initial recognition, the investment property shall be measured at

Group of answer choices

Option 1: Either fair value or cost less any accumulated depreciation and any accumulated impairment losses

Option 2: Revalued amount

Option 3: Fair value

Option 4: Cost less any accumulated depreciation and any accumulated impairment losses.