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Questions & Answers Account name:
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Accounting for Rental Property |
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| id : 77 cat : Accounting | |||||
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Hi CPAs, advise me whether we should treat land and building for rental income purposes owned by a company as per IAS 16 (property plants and equipment )or IAS 40 Investment property. |
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Asked by : David Mbiyu
DOQ : 2016-09-06 17:05:00 
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Hallo,kindly narrow down your question.Is it a registered business/company,does the person have a work permit etc
David Ngatho 2016-09-07 18:17:00
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As per IAS 40.....
Njenga Moses 2016-09-06 17:56:00
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Other Answers
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As per my understanding if the property is for rental purpose then its should be treated as investment property because its solely for generating rental income and its not the core business
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votesDOWN :
0 votesUP : 0
: David Ngatho DOA 2016-09-06 17:48:00 |
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