could you pls explain what happened if the asset has been classified in ye Dec 2017 as IFRS5, however the sales did not take place for more than 12months period?
I understand that if the delay due to event beyond entity’s power it can still be classified, but say, if the sale did not happen and has been recorded is this the treatment for IAS8?
If the asset is not sold within the 12 month period then it will need to be transferred back to PPE but not under IAS 8 (it is not a change in accounting policy or estimate) and under IFRS 5 instead.