IFRS 5Chapter 3Lesson 1
Measuring at the lower of carrying amount and fair value less costs to sell
Step 1 of 8Learning objectives
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An asset (or group) held for sale is measured at the lower of its carrying amount, measured just before reclassification, and its fair value less costs to sell.
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Learning objectives
- Apply the lower-of rule of carrying amount and fair value less costs to sell.
- Identify costs to sell and compute fair value less those costs.
- Establish the carrying amount before reclassification.