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The difference between measuring a property under the fair value model in IAS 40 Investment property and measuring a property under the revaluation model in IAS 16 Property plant and equipment is that:

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Select the most correct answer:

The difference between measuring a property under the fair value model in IAS 40 Investment property and measuring a property under the revaluation model in IAS 16 Property plant and equipment is that:

Answer

all of the above

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the property would not be tested for impairments under the fair value model.

Answer

the property would not be depreciated under the fair value model.

Answer

fair value gains or losses are always recognised in profit or loss under the fair value model

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