CFA Practice Question

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CFA Practice Question

Which asset is qualified to be an "investment property" under IFRS?

A. An office building used by GM for its employees
B. An apartment building owned by a property management company
C. A house owned by a construction company to be sold once the construction work is done
Correct Answer: B

To qualify as an investment property, the property should be owned for the purpose of earning rental income or capital appreciation or both.

User Contributed Comments 3

User Comment
farhan92 i guess C would be considered inventory more than investment property.
chesschh generate fixed income
prapps Is it still an investment property if you are in a property management business as leasing is part of your day to day business?
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