alleryStart learning →Initial measurement of investment property?
AAt fair value net of tax
BAt cost with transaction costs
CHighest valuation received
DGovernment circle rate
Answer & Solution
Correct answer: B. At cost with transaction costs
Initial measurement is at cost, and transaction costs are included in it.
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?