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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.
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.