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A building owned by a firm is most likely to be classified as investment property if: A)
| space in the building is rented to other firms. |
| B)
| the firm uses the building for its corporate headquarters. |
| C)
| the building is a manufacturing plant or distribution center. |
|
Under IFRS, investment property is an asset that is owned for the purpose of earning income from rentals, capital appreciation, or both. |
|