Question

Ifrs 5 non- current assets held for sale and discontinued operations:

Answer 1

1-a non-current asset or disposal group to be classified as held for sale if its carrying amount will be recovered principally through a sale transaction instead of through continuing use.

2-assets held for sale to be measured at the lower of the carrying amount and fair value less costs to sell.

3-depreciation of an asset to cease when it is held for sale.

4-separate presentation in the statement of financial position of an asset classified as held for sale and of the assets and liabilities included within a disposal group classified as held for sale,and

5-separate presentation in the statement of comprehensive income of the results of discontinued operations.