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48GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIESNOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 DECEMBER 20152. Signifcant accounting policies (continued)vi) Investment property (continued)Building is depreciated on a straight line basis at a rate of 2% per annum. Land is not depreciated.Investment property is derecognised when it has either been disposed of or when the investment property is permanently withdrawn from use and no future economic benefts are expected. Any gain or loss arising on disposal is recognised in the Consolidated Statement of Comprehensive Income.Transfers are made to or from investment property only when there is a change in use. If owner occupied property becomes investment property, the Group accounts for such property in accordance with the policy under property, plant and equipment up to the date of change in use.vii) Business combinations and goodwillBusiness combinations are accounted for using the acquisition method. The cost of an acquisition is measured as the aggregate of the consideration transferred, measured at acquisition date fair value and the amount of any non-controlling interest in the acquiree. For each business combination, the acquirer measures the non-controlling interest in the acquiree either at fair value or at the proportionate share of the acquiree%u2019s identifable net assets. Acquisition costs incurred are expensed and included in administrative expenses.When the Group acquires a business, it assesses the fnancial assets and liabilities assumed for appropriate classifcation and designation in accordance with the contractual terms, economic circumstances and pertinent conditions as at the acquisition date. This includes the separation of embedded derivatives in host contracts by the acquiree.If the business combination is achieved in stages, the acquisition date fair value of the acquirer%u2019s previously held equity interest in the acquiree is remeasured to fair value at the acquisition date through the Consolidated Statement of Comprehensive Income.(Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated)(Continued)