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At 31 December 2019, the building will appear in the financial statements as an investment property under the fair value model.
The carrying amount of the building as of 30 June 2019 was RM250,000, but since it was reclassified as an investment property, it will be remeasured at its fair value of RM350,000 at that date.
At 31 December 2019, any changes in the fair value of the investment property will be recognized in the profit or loss for the year, under the fair value model. The carrying amount of the building will still be RM350,000, but any changes in fair value will affect the profit or loss.