Brévalle is considering selling a packaging line. Its fair value, determined under IFRS 13, is 500,000 (given). The sale would involve 8,000 of legal fees, 5,000 of taxes on the transaction and 12,000 for dismantling and removing the line. Brévalle would also pay 30,000 of termination benefits to the operators after the disposal. None of these costs is recognised as a liability. What is the fair value less costs of disposal?
- Fair value of the line (IFRS 13, given)
- 500,000
- Legal fees of the sale
- 8,000
- Taxes on the transaction
- 5,000
- Dismantling and removal
- 12,000
- Termination benefits after the disposal
- 30,000