CERTYNEX IFRS ACADEMY

An accountant states four rules on derecognition of an investment property. Which is incorrect?

"The property is derecognised on disposal."

"The property is derecognised when permanently withdrawn from use and no future benefit is expected from its disposal."

"The property is derecognised as soon as it is put up for sale, before any disposal."

"A property withdrawn from use but whose disposal is still expected to bring a benefit is not derecognised on withdrawal."