Boundary with IAS 38

Learning objectives

• Distinguish the IAS 38 treatment before classification from the IFRS 5 treatment after it (cessation of amortisation).L3, L4

Normative references

• IFRS 5 §25A non-current asset is not depreciated (or amortised) while it is classified as held for sale or while it is part of a disposal group so classified; interest and other expenses attributable to the liabilities of such a group continue to be recognised.

Original summaries of the paragraphs (reference register), never a quotation of the standard.

1 question

• Four statements concern an intangible asset (IAS 38) classified as held for sale. Which one is wrong?L4