Abstract
Property investment companies objected to SSAP 12 which required all assets with finite life to be depreciated. They argued (contrary to SSAP 12) that any loss arising from a reduction in economic life of buildings would be offset by increases in value of the land and yet SSAP 12 would require them to take revaluation surpluses to reserve and depreciation of buildings to profit.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Rights and permissions
Copyright information
© 1991 R. Dodge
About this chapter
Cite this chapter
Dodge, R. (1991). Accounting for investment properties. In: The Concise Guide to Accounting Standards. Springer, Boston, MA. https://doi.org/10.1007/978-1-4899-7096-1_18
Download citation
DOI: https://doi.org/10.1007/978-1-4899-7096-1_18
Publisher Name: Springer, Boston, MA
Print ISBN: 978-0-412-39610-6
Online ISBN: 978-1-4899-7096-1
eBook Packages: Springer Book Archive