C22: Investment Property

Investment property is defined as property (____ or ____ or part of a building or both) held by an owner or by the lessee under a finance lease to earn rentals or for capital appreciation or both.

• Land, Building

• Property, Equipment

• Equipment, Building

• Investment Property, Owner-occupied Property

Investment property is defined as property (land or building or part of a building or both) held by an owner or by the lessee under a finance lease to ____ or for ____ or both.

• Earn money, Popularity

• Earn money, Wealth

• Earn money, Goodwill

• Earn rentals, Capital Appreciation

Investment property is defined as property (land or building or part of a building or both) held by an owner or by the lessee under a ____ to earn rentals or for capital appreciation or both.

• Finance Lease

• Operating Lease

• Rental Agreement

• Contract

• Mortgage Lease

An owner-occupied property is defined as property held by an owner for use in the production or supply of goods or services, or for administrative purposes.

• TRUE

• FALSE

Only land and building cannot qualify as investment property while equipment or any movable property can.

• TRUE

• FALSE

Only land and building can qualify as investment property while equipment or any movable property cannot.

• TRUE

• FALSE

Two types of property in PAS 40

• Equipment

• Plant

• Investment Property

• Owner-occupied Property

What PAS/PFRS/IFRS is Investment Property?

• PAS 40

• PFRS 40

• PAS 16

• PFRS 16

• PAS 20

An owner-occupied property is included in ____. A property held for sale in the ordinary course of business is included in ____.

• PPE, Inventory

• Investment Property, PPE

• Business Properties, Inventory

• Inventory, PPE

_____ is a lease where the lessee is responsible for the maintenance and repair of the asset. The substance and the form is similar and there is no transfer of ownership. It is included in investment property.

• Operating Lease

• Financing Lease

• Mortgage Lease