What is the correct treatment of this NCA?

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The company has constructed and developed a factory for Al Aqsa Co. at the cost of 650,000. Factory is completed this year and the cost plus 25% amount will be received by the end this year.

This is an assignment question, I have to advise the company about the correct treatment of the above property in the financial statement and apply a relevant IAS covering Non Current Assets

These are the options i was given - IAS 16, 36, 38, 40 - IFRS 5 or IFRS 16

Please Help
 

Drmdcpa

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Please note that if you are looking for assistance with an exam-style question, you must attempt the question yourself before asking for help. You can then state the answer you have so far and explain which aspect you need help with. Anyone posting exam-style questions expecting the answer to be given to them will have their posts removed. Repeat offenders will be banned from the forum.
 
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