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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › IFRS 5 Non current asset held for sale and discontinued operation
HI, there is a little bit of problem for me in term of classification of NCA held for sale ……can we still used our asset held for sale in between the time period of recogniton and the actual sale taken place , and all other criterias are met……..
does this would affect the classification of either asset held for sale and discontinued operation???
Hi,
Yes, you can still continue to use it but you must be able to sell it immediately. There isn’t a criteria that says that you cannot use it.
Thanks
thank you sir ….
You’re welcome!