IFRS 5Chapter 3Lesson 3
After classification: no depreciation, liability expenses and disposal
Step 1 of 9Learning objectives
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An asset held for sale is no longer depreciated; interest and other expenses on the group's liabilities continue to be recognised; the gain or loss on disposal is recognised on derecognition.
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Learning objectives
- Stop depreciation at the classification date.
- Keep recognising the expenses on the group's liabilities.
- Calculate and record the gain or loss on disposal.