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Investment Property
 
hi. i am preparing accounts for a company who made a plaza and now selling the constructed shops. we are having a problem regarding land of the plaza. i am of the opinion that it is investment property but plaza owners are not agree with me. they are saying that since they cant use the land for any purpose so land must not be investment property but it must be part of cost of sale. can any one guide me regarding this issue. i will be very thankful
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