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AS: Exposure draft on Investment Property issued; slightly differs from Ind AS

October 10, 2018
The newly drafted AS 40 defines an investment property as land or building or both or part of a building held by an entity to earn rentals or for capital appreciation or both. It also covers land or building held by a lessee under a finance lease. If the property is held for use in production or supply of goods or services or for administrative purposes then it shall be treated as Property, Plant and Equipment (‘PPE’) under AS 10.
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