Assets held for sale - ifrs 5/ind as 105

Preethi Rajagopal (Business Analyst) (24 Points)

14 July 2016  

I have a query with respect to non-current assets held for sale . When assets are bought with the intention to sale will insurance be taken for such assets ? In case assets that are already bought for which insurance is already been taken and after classsifying the asset as held for sale , and asset is damaged then will the assets be reclassified?