Accounting · IAS 40 Investment Property
According to IAS 40 Investment Property, if an entity chooses the fair value model but, on exceptional basis, the fair value of an investment property cannot be reliably measured on a continuing basis, how should that specific property be recognized?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1At estimated replacement cost evaluated by an independent valuer
- 2At cost less any accumulated depreciation and accumulated impairment losses under IAS 16✓
- 3At its value in use calculated based on long-term management forecasts
- 4At an estimated value determined via discounted cash flow analysis under IAS 40
Correct answer
At cost less any accumulated depreciation and accumulated impairment losses under IAS 16
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Preparing for Accounting?
Practice full-length Accounting mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice IAS 40 Investment Property MCQs →Want more practice questions on IAS 40 Investment Property?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Accounting · IAS 40 Investment Property