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Hii sir, I wants to get the Information About the International Accounting Standard 40 Investment Property Will you Please provide It ?
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As you Asking Information About the International Accounting Standard 40 Investment Property Here I am Extracting Some Information from International Accounting Standard 40 Investment Property that is As Follow Objective : This Standard deals with the accounting treatment of investment property and provides guidance for the related disclosure requirements. Scope The requirements of this Standard are applicable to deal with the accounting treatment of Investment Property. This Standard also applies to: The books of lessee, for the accounting treatment of Property Interest held by lessee. The books of lessor, for the accounting treatment of Investment Property provided to lessee under operating lease. The Standard does not cover the followingaspects: (a) For the classification of lease contracts, (b) Treatment of Rental income related to investment property as covered in IAS 18. Examples of Properties which are treated as Investment Property: (a) The property which is held for Capital Appreciation in long term. (b) The Property which is held currently, for undetermined future use, i.e. (the owner has not yet decided the future use of property) (c) The property held to be leased out under one or more operating leases to lessee. (d) The property under construction, which will be used as Investment Property in future. For more information you may get from the below Attachement that is As Follow International Accounting Standard 40 Investment Property ![]() ![]() ![]() ![]()
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