An entity had the following fixed assets on December 31, Year 1: | |
|---|
| Land held for use | $ 17,000,000 | | Land held for rental income | 5,000,000 | | Buildings held for use | 10,500,000 | | Buildings held for capital appreciation | 4,750,000 |
Under IFRS, what will the entity report as investment property on its December 31, Year 1 balance sheet?
|
a. | $9,750,000 | |
b. | $4,750,000 | |
c. | $5,000,000 | |
d. | $27,500,000 |
|
