2. ABC Ltd acquired a property on 1 January 2004 at a cost of 4 GH¢00,000 and immediately occupied it as office premise. On acquisition, it was estimated to have a useful life of 50 years. Subsequent to its acquisition, the asset was measured at depreciated cost until 1 October 2009 when management of ABC decided to convert the building into an investment property (mainly for rentals). Following this decision, the property was fair valued at GH¢380,000. ABC adopted the fair value model for subsequent measurement of the investment property. At 31 December 2009, it was fair valued at GH¢390,000.

What is the meaning of the following:- IAS 40 paragraph 32A, An entity may: (a)  choose either the fair value model or the cost model for all investment property backing liabilities that pay a return linked directly to the fair value of, or returns from, specified assets including that investment property; and (b)  choose either the fair value model or the cost model for all other investment property, regardless of the choice made in (a).

Determine the initial cost of property, plant, and equipment and intangible assets acquired in exchange for equity securities or through donation.

Sales and exchanges of personal use and investment use property are generally reported first on form 8949 sales and other dispositions capital assets the total reported on form 8949 are they carry to which form or schedule?