Under IFRS Standards, if a non-current asset is held for sale, it must be written down to recoverable amount (fair value less costs to sell), and depreciation stops.
A. TRUE
B. FALSE
Menu
IFRS/ INDAS quiz
Replies (3)
A. True
False
An entity shall measure a non-current asset (or disposal group) classified as held for sale at the lower of its carrying amount and fair value less costs to sell. Depreciation stops once classified as held for sale.
Even i took the IFRS quiz from website and it was wrongly published. If this is a cpa question, how can anyone pass.
Your question was not completely published
Recent Threads
- How to show buyback share income?
- Department Audit under GST
- Replacement of machine
- Bug in ITR-2, Schedule TDS, Sub-section TDS-3 (TDS
- Advertisement exps
- GSTR 1 - Old B2c invoice amend in B2B
- Clarification Regarding TDS on Parking Charges
- Serial number of invoices raised
- Asking mandatory inputs while filling return
- Practice sheet in tally
Related Threads
CAclubindia
