AASB 140 - Investment Property - July 2004
Cost ModelCost Model
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Cost Model
56 After initial recognition, an entity that chooses the cost model shall measure all of its investment properties in accordance with AASB 116’s requirements for that model, other than those that meet the criteria to be classified as held for sale (or are included in a disposal group that is classified as held for sale) in accordance with AASB 5 Non-current Assets Held for Sale and Discontinued Operations. Investment properties that meet the criteria to be classified as held for sale (or are included in a disposal group that is classified as held for sale) shall be measured in accordance with AASB 5.