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UK GAAP and IFRS
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Explain how the following classes of fixed assets are recorded in the balance sheet and Income statement, under UK GAAP and IFRS:
*LAND
*BUILDINGS - Industrial
*BUILDINGS - Investment Property
*LAND
*BUILDINGS - Industrial
*BUILDINGS - Investment Property
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These would all be listed under Fixed Assets: Tangible Assets according to UK GAAP.
Answer Date: 07:20am 03/02/08









