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when the company puts land on sale ,is it treated the same way as other assets held for sale ,,,such as disclosing seperately from other non current assets and other treatment ?/
Yes, why on Earth wouldn’t it be?
(Land … on Earth! :-))) )
Lease on a land is always an operating lease, right? Can’t be a finance lease
Correct … but that’s interesting, isn’t it. I’ve never noticed this before but isn’t it the case that sometimes the exam question says that the entity is revaluing their leasehold land and buildings!