alleryStart learning →Owner-managed hotel with major guest services is what?
AInvestment property
BInventory for sale
COwner-occupied property
DHeld-for-sale asset
Answer & Solution
Correct answer: C. Owner-occupied property
Services to hotel guests are significant to the arrangement, so an owner-managed hotel is owner-occupied property.
Keep practising Ind AS 23 Borrowing Costs and Ind AS 40 Investment Property
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