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Ask the Tutor ACCA FR

IFRS 5

Ffazeel9310y ago
Where does the impairment loss of assets held for sale and discontinued operations go?
MikeLittleMikeLittleTutor10y ago#1
On initial reclassification the impairment goes to statement of profit or loss. There shouldn't be an need again to revalue (great expectation of sale within 12 months!)
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