Notes to consolidated financial statements  September 27, 2014 and September 28, 2013 15. INVESTMENT PROPERTIES (Millions of dollars, unless otherwise indicated) The fair value of investment properties was $ 35.2  as at September 27, 2014 ($ 27.0  as at September 28, 2013 ).  The  Corporation  categorized the fair value measurement in Level 2, as it is derived from observable market inputs, i.e. recent  transactions  on  these  assets or  similar assets. Cost Accumulated  depreciation Net carrying  value Balance as at September 29, 2012  33.9 (11.8) 22.1 Transfers 0.6  — 0.6 Disposals and write-offs  (2.3) 0.3 (2.0) Balance as at September 28, 2013  32.2 (11.5) 20.7 Acquisitions through business combinations  (note 5)  0.9 — 0.9 Transfers from fixed assets  5.5 — 5.5 Disposals and write-offs  (0.4) 0.3 (0.1) Balance as at September 27, 2014  38.2 (11.2) 27.0 - 65 -