Forums
Back
Doubt
Accountancy
Acquisition of building for the purpose of letting it out for deriving rental income Whether AS 10 will apply or As 13?
Answers (4)
Best Answer
An investment property is an investment in land or buildings that are not intended to be occupied substantially for use by, or in the operations of, the investing enterprise. This investment property will however be accounted as per the cost model of AS-10. Say you take a property for hotel - this is under purview of AS-10
CA Suraj Lakhotia Admin
AS - 13 as Investment Properties
But sir it even satisfies the definition of PPE
Thread Starter
Abhishek PurohitBut sir it even satisfies the definition of PPE
Can u give examples of items which are held for rental and which are treated as ppe
Your Reply