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Ask the Tutor ACCA SBR
IFRS 5
Hi,
We would likely have performed an impairment review when the operation was discontinued so the assets would be at their recoverable amount. Any depreciation following would be minimal. There is no requirement to stop depreciating.
Thanks
Hi,
You can depreciate it if you wish but as I said it would be minimal as the recoverable amount would be low or the remaining useful life will be low too.
I'm not too sure that you meant with regards 'assets held for distribution to shareholders'.
Thanks
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