- This topic has 1 reply, 2 voices, and was last updated 1 year ago by .
Viewing 2 posts - 1 through 2 (of 2 total)
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.
Congratulations to Jamil from Pakistan and Jeeva from Malaysia - Global Prize winners!
see all ACCA December 2022 Genius Hunt Competition winners >>
Specially for OpenTuition students: 20% off BPP Books for ACCA & CIMA exams – Get your BPP Discount Code >>
Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Expenses related to discontinued operations
Hi Chris,
If there is a group of assets held for sale (and these assets are all related to discontinued operations but not yet sold), does this mean that the related impairment expenses (say, if the carrying value of the group of assets is higher than fair value), and depreciation expenses would be reported under discontinued operations in the P/L?
I think this makes logical sense but just wanted to make sure.
Thanks,
Tim
Hi Tim,
Yes, it would appear within the discontinued operations part of the SPL as it relates to the operation that is to be sold but hasn’t yet been. You’d rarely see this in the exam I’d have thought as you are more likely to see the asset/group of assets being disposed of entirely and therefore seeing a profit/loss on disposal.
Thanks