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According to IFRS 5, a the time of classification as held for sale, which of those answer(s) CAN be right:

<p>A) To continue the amortisation based on the net value just prior to the classification.</p> <p>B) Doing the impairment test according to the applicable IFRSs immediately prior to classifying The asset and the impairment loss is recognised in profit or loss.</p> <p>C) Doing the impairment test according to the applicable IFRSs immediately prior to classifying The asset and the impairment is treated as a revaluation decrease of the asset.</p> <p>D) There will be no amortisation or impairment since we will not change the fair value or the carrying amount value just prior to classifying The asset until its sale.</p>

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Question added by Ayman Ezzedine , CPA|Financial Consultant/analyst|Senior Audit Manager , Self Employed
Date Posted: 2014/10/23
ايمن محمد عاطف محمد
by ايمن محمد عاطف محمد , Director of the control and regulation unit , ACOLID

D) There will be no amortisation or impairment since we will not change the fair value or the carrying amount value just prior to classifying The asset until its sale

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