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An non - current asset or disposal group that are classified  as held for sale  are measured at ?

a) fair value. b) lower of carrying amount and fair value less cost to sell.  c) lower of cost and market value less cost to sell.  d) non of the above.

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Question added by Rashad Moursi , Finance Director & Business Development, International Business Transformer Owners Repr. - Hotels , Investment and financial
Date Posted: 2014/05/08
Nadar Khan Khattak
by Nadar Khan Khattak , Investment & Portfolio Management Specialist , The Dubai Realty

:) Should I be adding another B? :) It is Option B.

Amer Sadiq
by Amer Sadiq , Chief Accountant , Majid Al Futtaim Retails

b

SHAIKH MOHAMMED BASHEER AHMED SHAIKH
by SHAIKH MOHAMMED BASHEER AHMED SHAIKH , Account Manager , Tarik Al Zahid Holding Company

Option B. - IFRS5

Faisal Kuzhikkandathil
by Faisal Kuzhikkandathil , Accountant & administrative assistant , The Federal Bank Ltd

b) 

Shamim Khan Dawar
by Shamim Khan Dawar , Group Finance Manager , JAWAHR | Jawa Logistics | Orient Trading(OMATRA)

B).

Muhammad Fiaz
by Muhammad Fiaz , GROUP MANAGER ACCOUNTS, FINANCE AND TAX , SMPL Group of Companies

According to IFRS5 Non-current Assets Held for sale and Discontinued Operations 

Para15 :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.

So Answer is B

Saad fajene
by Saad fajene , financial project manager , Mercedes Benz Bank

The option B CORRECT 

Asad zaman
by Asad zaman , Audit/Finance , Rafaqat Baber and co

According to IFRS5" Non current asset held for sale or discontinuies opration" it must be stated as lower of cost or fair value less cost to sell,with no depreciation charge to asset ,even if company is still using that asset...

Almutaz Bakry Sidahmed
by Almutaz Bakry Sidahmed , Internal Audit Manager , Banan real estate

answer is b

Diesella Jalbuena
by Diesella Jalbuena , Document Controller , QD-CPC National Asphalt Factory

B

MALIIK SOHAIL ABBAS
by MALIIK SOHAIL ABBAS , ACCOUNTS MANAGER , AL RAWDAH GREEN SWEET WATER

in my point of view option b is the correct answer

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