Increases in Fair Value Over Cost in Relation to Land

Increases in fair value over cost in relation to land used for agricultural purposes is recognised in equity when the land is:

A) an investment property measured at fair value and accounted for under IAS 40
B) an investment property measured at cost and accounted for under IAS 40
C) not an investment property, is measured at fair value and accounted for under IAS 16
D) not an investment property, is measured at cost and accounted for under IAS 16

Correct Answer:

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