CFA Practice Question

There are 520 practice questions for this study session.

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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