Specimen paper FR Neutron Co Discontinued operations

Hi, I've not got the question to hand but it looks like the factory has not yet been sold and it is therefore not prudent to recognise the profit on disposal until the actual sale has taken place. Thanks

@amankaur said: \ Hi P2-D2 But The plant hasn't been sold yet either just expected... would you like me to paste in the whole scenario?

Correct, but we are anticipating a loss on it so it is prudent to recognise that loss. Don't forget that when it is categorised as a non-current asset held for sale that it is transferred at the LOWER of the carrying value and fair value less costs to sell, so that not profit is recognised but a loss (impairment) is. Thanks