BPP Revision Kit Mock Exam 1 Ques 24- Section BForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › BPP Revision Kit Mock Exam 1 Ques 24- Section BThis topic has 1 reply, 2 voices, and was last updated 6 years ago by P2-D2.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts September 11, 2018 at 4:40 am #472575 steven311ParticipantTopics: 6Replies: 0☆What is the profit or loss on discontinued operation relating to “property, plant and plant” for the year ended 30 September 20X3?Dear SirAccording to the context, the factory itself is expected to sell for a profit of 1.2 million.The answer is impairment loss of 1.75 million (Plant).May I know why the profit of 1.2 million from sale of factory is not included? . September 11, 2018 at 9:06 pm #473455 P2-D2KeymasterTopics: 4Replies: 7093☆☆☆☆☆Hi,We do not recognise the profit until it is sold. By stating that it is expected to be sold for this amount indicates that the asset is not to be impaired.ThanksAuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In