Yralen gives up selling a warehouse that was classified as held for sale for 12 months. Its depreciable amount is 420,000 and its useful life 12 years (straight-line). Case convention: the adjusted carrying amount remains below the recoverable amount. Post the entry adjusting for the depreciation not recognised.
- Depreciable amount
- 420,000
- Useful life
- 12
- Months spent classified
- 12