alleryStart learning →Land held for long-term appreciation is what?
AInventory held for sale
BOwner-occupied property
CIntangible asset held
DInvestment property
Answer & Solution
Correct answer: D. Investment property
Land held for long-term appreciation rather than short-term sale in the ordinary course is investment property.
Keep practising Ind AS 23 Borrowing Costs and Ind AS 40 Investment Property
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