Held-for-sale classification

The asset must be available for immediate sale in its present condition on usual terms, and the sale must be highly probable. The standard describes evidence of a committed plan and expected completion, normally within one year subject to specified exceptions. Once classified, measure an asset within IFRS 5 measurement scope at the lower of its carrying amount and fair value less costs to sell, and stop depreciation. Certain assets remain subject to other standards’ measurement rules even within a disposal group.