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The land is treated as an investment property because is held for capital appreciation.
in IAS 16 - Property, Plant and Equipment by Level 1 Member (1.1k points)

1 Answer

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The borrowing cost should not be capitalized it sould be expensed out.

as per para 23.4 the standard is not applicable is the borrowning costs directly attributable to the acquisition of  a qualifying assets measured at fair value.
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