How are you? Thank you very much for your help in preparation for F7 =)
I have question regarding Assets Held for Sale. If NCA were clasified as AHFS, it should be tested for Impairment Loss. In order to recognise @ SoFP we use lower of CA or FV less cost of sale/disposing. If the FV less cost of sale/disposing is lower we will debited (P/L) this Loss. And depreciation before the date of reclassification will go to P/L (for exapmle we reclassified it in the middle of financial year).