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      Question

      As per AS 10 (Revised) ‘Property, Plant and

      Equipment’, an enterprise holding investment properties should value Investment property:
      A As per fair value Correct Answer Incorrect Answer
      B Under discounted cash flow model Correct Answer Incorrect Answer
      C Under cost model Correct Answer Incorrect Answer
      D Under cash flow model Correct Answer Incorrect Answer

      Solution

      Explanation :Under AS 10 (Revised) in India, investment property must be measured using the cost model , even though its fair value must be disclosed in the notes. This differs from Ind AS 40 , where entities have the option to use fair value (disclosed but not used for measurement in AS).

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