IAS 40 Q&A June 2017.docx

**ACCA Diploma in IFRS DipIFR** **June 2017 Exam - Questions & Answers** **Standard: IAS (40) Investment Property** Top three floors of building 15 Remainder -- buildings component 20 Remainder -- land component 25 Total initial cost 60 position. ½ \$2 million in profit or loss for the year...

**ACCA Diploma in IFRS DipIFR** **June 2017 Exam - Questions & Answers** **Standard: IAS (40) Investment Property** Top three floors of building 15 Remainder -- buildings component 20 Remainder -- land component 25 Total initial cost 60 position. ½ \$2 million in profit or loss for the year ended 31 March 2017. 1 2017 will be \$400,000 (\$20 million x 1/50). This charge will be recognised in profit or loss. 1 statement of financial position 1 --