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| Milgram Corporation prepares its financial statements in accordance with IFRS. Milgram has investment property that it leases to Jenson Corporation. Milgram uses the fair value model to report its investment property. Which of the following statements is true? A. Milgram does not record depreciation on the investment property. B. Milgram should value the equipment at cost less accumulated depreciation and less accumulated impairment losses. C. Milgram should record the increase in fair value in other comprehensive income for the period. D. Milgram depreciates the equipment using normal depreciation methods for property, plant, and equipment. |