IFRS 5Chapter 2Lesson 2
Classification: abandonment, distribution and special cases
Step 1 of 6Learning objectives
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An abandoned asset is not held for sale; this lesson also covers distribution to owners, a period beyond one year, loss of control of a subsidiary, an asset acquired for resale and criteria met after the reporting period.
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Learning objectives
- Distinguish an abandoned asset from an asset held for sale.
- Recognise classification as held for distribution.
- Handle special classification cases with care and without numeric thresholds.