CERTYNEX IFRS ACADEMY

Evrane, which applies the cost model, decides to sell an investment property with a carrying amount of 2,400,000. The criteria for classification as held for sale are met on 30 June (case data). Which treatment is consistent with the rule?

The property falls under IFRS 5 and is no longer depreciated under the IAS 16 cost model.

The property continues to be depreciated under the IAS 16 cost model until actual disposal.

The property moves to the fair value model as soon as the decision to sell is made.

The property is derecognised on 30 June, before any disposal.