IFRS-5 Assets Held for Sale Flashcards by Phil Lopez | Brainscape

Q

Definition

A

Where an NCA’s CV will be recovered principally through sale rather than continuing use.

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Q

Conditions (3)

A

APT:
Available for sale in present condition
Probable
Twelve months sale after classification

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Q

How can this be manipulated?

A

Probable is subjective

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