CERTYNEX IFRS ACADEMY

Vermeil classifies as held for sale an investment property measured under the IAS 40 fair value model. Which measurement treatment is consistent with IFRS 5?

It is among the assets excluded from IFRS 5 measurement and keeps its fair value measurement under IAS 40.

It is measured at the lower of its carrying amount and its fair value less costs to sell.

It is measured at historical cost from classification, the fair value model being abandoned.

It leaves the balance sheet on classification and is only presented in the notes.