Land held for a currently undetermined use and for the long-term capital appreciation are classified as investment properties, while land held for current sale by a real estate developer is classified as inventory. Investment property is a property held to earn rentals, capital appreciation or both.Group of answer choicesTrueFalse
Question
Land held for a currently undetermined use and for the long-term capital appreciation are classified as investment properties, while land held for current sale by a real estate developer is classified as inventory. Investment property is a property held to earn rentals, capital appreciation or both.Group of answer choicesTrueFalse
Solution
True
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