You are on page 1of 1

1.

The applicable PFRS/PAS for a property being constructed or developed for future use as
investment property is

a. PAS 2 inventories, until construction is complete and then it is accounted for under PAS
40 investment property
b. PAS 40 investment property
c. PAS 11 construction contracts, until construction is complete and then it is accounted for
under PAS 40 Investment property
d. PAS 16 Property, plant, and equipment, until construction is complete and then it is
accounted for under PAS 40, investment property

You might also like