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Thank you.
1) So if we discontinued cash generating unit, we still can depreciate the assets despite the fact that we don’t use them?
2) Another question, should we report assets held for distribution to shareholders separately from assets held for sale and discontinued operations in a balance sheet?
Thank you! Let me ask another question regarding adjustment of assets held for sale. Is it adjusting or non adjusting event? If assets held for sale canceled to be sold should we adjust previous SOFP? The same for discontinued operation.
Thank you.
Dear Chris, thank you.
Would you please explain why in acca technical article IAS 16, the link:
In second example (Construction of Deb and Ham’s new store), cost of land is included in cost of the store. Is it a mistake or something special with it?
Thanks for your help!
yes sorry I meant there Dr Purchase saving Cr inventory 100 $ \\ inventory adjustment, I thought that it is obligatory to adjust Inventory, because the price was changed. As long as I adjusted inventory, I cancelled discount received in order NOT to show it as income because I adjusted inventory. As you think inventory shouldn’t be adjusted but income should be disclosed.
