IAS 40 – Investment Property – Theory – 1

Which of the following matters shall IAS 40 be not applied to?

Which of the following terms does this statement define: “the amount of cash or cash equivalents paid or the fair value of other consideration given to acquire an asset at the time of its acquisition or construction”?

Which of the following does not define investment property?

Which of the following statements is true with regards to an investment property?

Which of the following in not an example of investment property?

Under which of the following cases shall investment property be recognised as an asset?

An investment property shall be measured initially at its __________.

Transaction costs shall be excluded from the initial measurement of an investment property.

Which of the following shall be included in the cost of an investment entity?

If payment for an investment property is deferred, its cost is the cash price equivalent.