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Investment Property

Authored by Atiyya Ally

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University

Used 5+ times

Investment Property
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13 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which option meets the definition of Investment Property?

Property held for sale in the ordinary course of business

Property that is leased under a finance lease

Property that is leased under an operating lease

Property used for admin purposes

2.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

The following are examples of investment property:

Land held for undetermined future use

A vacant building that is leased under an operating lease

Property that is currently being constructed for future use as investment property

Property that is currently under construction for future sale in the ordinary course of business

Land held for short term capital appreciation

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A property may only be classified as investment property if ancillary services are

Significant

Insignificant

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Investment property is initially measured at:

cost

fair value

it depends

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Subsequently we can capitalize day to day expenses:

True

False

6.

MULTIPLE SELECT QUESTION

20 sec • 1 pt

Subsequent Measurement of Investment property can either be:

On the cost model

On the revaluation model

On the fair value model

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Investment Property can be depreciated on the cost model?

True

False

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