MFRS 140 IP| FAR270 Q2 FE FEB 2022 Q2| PROPERTY WITH DUAL USES & ANCILLARY SERVICES| TRANSFER TO PPE

#IAS40#FR #financialreporting #MFRS
PART A:
WHEN TO RECOGNISE PROPERTY WITH ANCILLARY SERVICES AS INVESTMENT PROPERTY

PART B:
- INITIAL RECOGNITION AND MEASUREMENT OF PROPERTY WITH DUAL USES
- WHEN THE PORTIONS CANNOT BE SOLD OR LEASED OUT SEPARATELY AND ONLY INSIGNIFICANT PORTIONS USED AS OWNER OCCUPIED PROPERTY (OOP)

SUBSEQUENT MEASUREMENT- FAIR VALUE MODEL

PART C:
TRANSFER FROM INVESTMENT PROPERTY (adopts Fair Value Model) to PPE (uses Revaluation Model).