Increases in Fair Value Over Cost in Relation to Land

question 8

Multiple Choice

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

---

Definitions:

Accidental Poisoning

Unintentional ingestion, inhalation, or exposure to harmful substances, leading to toxic effects on the body.

Water Temperature

A measure of how hot or cold water is. It is crucial in various contexts, including environmental studies, aquatic life, and human activities.

Flushing

The reddening of the skin, typically over the face or neck, caused by increased blood flow to the area.

Intravenous Tubing

Flexible tubes used in medical settings to deliver fluids, medications, or nutrients directly into the veins.