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An investment in an associate becomes an investment in a joint venture (or vice versa). Under Ind AS 28:
AEquity method continues; do NOT remeasure the retained interest
BReclassify as held for sale
CRemeasure to FV through P&L on transition
DDiscontinue equity method and apply Ind AS 109
Answer & Solution
Correct answer: A. Equity method continues; do NOT remeasure the retained interest
Where the investment transitions between associate and JV (significant influence ↔ joint control), equity method continues uninterrupted and the carrying amount is not remeasured — both regimes use equity method.
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