CERTYNEX IFRS ACADEMY

Four statements concern the measurement of an asset leaving the held-for-sale classification. Which one is wrong?

The carrying amount before classification is adjusted for the depreciation that would have been recognised without classification.

The asset is measured at fair value less costs to sell at the date of the decision not to sell, whatever its carrying amount.

The asset is measured at the lower of this adjusted carrying amount and its recoverable amount.

The recoverable amount taken into account is that at the date of the decision not to sell.