Which of the following is correct with respect to "investment properties"?
A)These are land or buildings used for production or administrative purposes of the business.
B)These are land, buildings or machinery used for production or administrative purposes of the business.
C)These are land or buildings used for rental income purposes of the business.
D)These are land, buildings or machinery used for rental income purposes of the business.

Question

Quizplus · Accepted Answer

Investment properties are those that are owned by the business for the purpose of earning rental income, such as rental properties or buildings leased out to other businesses. Therefore, option C is the correct choice. Options A and B are incorrect as they refer to properties used for business production and administration purposes, rather than for rental income. Option D includes machinery, which is not typically considered an investment property.

Which of the Following Is Correct with Respect to "Investment