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IFRS 5 Non current asset held for sale and discontinued operation

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › IFRS 5 Non current asset held for sale and discontinued operation

  • This topic has 3 replies, 2 voices, and was last updated 4 years ago by P2-D2.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • October 2, 2020 at 12:07 pm #587212
    saadkx
    Member
    • Topics: 19
    • Replies: 22
    • ☆

    HI, there is a little bit of problem for me in term of classification of NCA held for sale ……can we still used our asset held for sale in between the time period of recogniton and the actual sale taken place , and all other criterias are met……..
    does this would affect the classification of either asset held for sale and discontinued operation???

    October 3, 2020 at 9:16 pm #587293
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7163
    • ☆☆☆☆☆

    Hi,

    Yes, you can still continue to use it but you must be able to sell it immediately. There isn’t a criteria that says that you cannot use it.

    Thanks

    October 4, 2020 at 7:50 am #587317
    saadkx
    Member
    • Topics: 19
    • Replies: 22
    • ☆

    thank you sir ….

    October 11, 2020 at 8:08 am #588561
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7163
    • ☆☆☆☆☆

    You’re welcome!

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