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August 1, 2020 at 7:16 am
But in the previous lectures it is clearly mentioned by you that if it is highly probable that asset will be sold within 1 yr then we need to treat it as AHFS , then we should be recording it as AHFS in yr 2015 also?
June 9, 2021 at 4:52 pm
Should be immediately available to be sold which is not the case as it is still operating till March 2016.
September 10, 2021 at 2:20 pm
Exactly – as per first sentence of notes – “Must be available for immediate sale …” 🙂
June 6, 2020 at 3:52 pm
I see from the standards that abandonment of assets/operations shouldn’t be seen as “held for sale” (please correct me if I am wrong) and the example in this video seems didn’t mention anything about selling the business line (?)
June 28, 2020 at 4:08 pm
No but if you are closing a separate business line which is a car manufacturing operation in this case then surely you will have fixed assets to sell. You won’t just close it and give things away.
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