alleryStart learning →Which is NOT investment property?
ALand held for appreciation
BBuilding leased out
CProperty held for sale
DVacant building to let
Answer & Solution
Correct answer: C. Property held for sale
Property held for sale in the ordinary course of business is inventory, covered by Ind AS 2.
Keep practising Ind AS 23 Borrowing Costs and Ind AS 40 Investment Property
Browse all Ind AS 23 Borrowing Costs and Ind AS 40 Investment Property questions for CA Final, or explore more Financialreporting topics.
Related questions
Restrictions on realisability: what is disclosed?If fair value is unreliable, what is disclosed?When classification is hard, what is disclosed?Which profit or loss amounts must be disclosed?What must be disclosed under the cost model?Liabilities kept after disposal fall under which Standard?Compensation for lost property is recognised when?Carrying Rs 1.2 crore; net proceeds Rs 1.5 crore. Recognised?