Art Work
Re: Art Work
they are physical items like any other, so the business purpose is important here, why do you buy them?
Re: Art Work
The purpose is for long - term investment.
Re: Art Work
then it is not covered by IFRS, you should develop your own accounting policy as described here:
https://ifrscommunity.com/knowledge-bas ... ed-by-ifrs
I would develop identical policy as under IAS 40 for investment property:
https://ifrscommunity.com/knowledge-bas ... -property/
https://ifrscommunity.com/knowledge-bas ... ed-by-ifrs
I would develop identical policy as under IAS 40 for investment property:
https://ifrscommunity.com/knowledge-bas ... -property/