held for sale

This topic has 3 replies, 3 voices, and was last updated 9 years ago by MikeLittle.

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November 28, 2016 at 7:35 am #352096
adurich
Member
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hello,
when the company puts land on sale ,is it treated the same way as other assets held for sale ,,,such as disclosing seperately from other non current assets and other treatment ?/
November 28, 2016 at 2:23 pm #352171
MikeLittle
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Yes, why on Earth wouldn’t it be?
(Land … on Earth! :-))) )
November 30, 2016 at 3:21 am #352481
pentho
Member
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Lease on a land is always an operating lease, right? Can’t be a finance lease
November 30, 2016 at 8:09 am #352521
MikeLittle
Keymaster
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Correct … but that’s interesting, isn’t it. I’ve never noticed this before but isn’t it the case that sometimes the exam question says that the entity is revaluing their leasehold land and buildings!
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