Skip to content

Ask the Tutor ACCA FR

IFRS 5 Non current asset held for sale and discontinued operation

Ssaad6y ago
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???
P2-D2P2-D2Tutor6y ago#1
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
Ssaad6y ago#2
thank you sir ....
P2-D2P2-D2Tutor5y ago#3
You're welcome!
Sign into reply to this topic.