IFRS 5

This topic has 5 replies, 3 voices, and was last updated 12 years ago by MikeLittle.

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September 11, 2013 at 9:42 am #140307
icedawn
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An asset that is classified as held for sale is measured at lower of its carrying value or fair value less cost to sell. So do we have to account for an impairment loss if the carrying amount is higher?
September 11, 2013 at 1:11 pm #140316
rameez13031988
Participant
- Topics: 42
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Yes
September 11, 2013 at 4:05 pm #140322
icedawn
Member
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ok thanks man
September 11, 2013 at 6:48 pm #140336
MikeLittle
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That didn’t really warrant a question! Did it?
September 11, 2013 at 9:19 pm #140341
icedawn
Member
- Topics: 32
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well i wasnt sure i just wanted a confirmation
September 24, 2013 at 6:23 pm #141197
MikeLittle
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ok, and you got your answer!
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