Page 204 - F1 Integrated Workbook STUDENT 2018
P. 204
Chapter 12
1.2 Measurement
Lower of
NRV
Carrying amount Fair value less costs
to sell.
Non-current assets “held for sale” are not depreciated once they
have been classified as such. However, such assets should be
depreciated as normal until the classification date.
Any impairment on valuation should be charged to the appropriate
expense category on the SPL.
1.3 Presentation and disclosure
Separate disclosure of assets just below the current asset section.
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