Real Estate
Revaluation of Investment Property (Fair Value)
Adjusting the value of a building held for rental income to its current market price (IAS 40).
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Investment Property | Asset (+) | 40,000.00 | - |
| Gain on Property Revaluation | Revenue (+) | - | 40,000.00 |
💡 Accountant's Note
Under the IAS 40 Fair Value model, investment properties are not depreciated. Instead, any change in market value goes directly to the Income Statement each year.
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