- 8 Marks
FR – Nov 2023 – L2 – Q3a – Property, Plant, and Equipment (IAS 16)
Explain reclassification criteria for transferring investment property to PPE.
Question
a. If a property is transferred into or out of the category of property, plant and equipment (PPE), it might be reclassified as investment property or as no longer an investment property.
A transfer of investment property can only be made where there is a change of use of such property.
Find Related Questions by Tags, levels, etc.
- Tags: Equipment, IAS Compliance, Investment Property, Plant, Property, Reclassification
- Level: Level 2