The sales should be expected mabenta na before the date of classification not the date of recognition

( para maclassify as non current assest held for sale)

Exemption… if the economic status is not good condition

At the date classification as held for sale

1. Measure the noncurrent asset using the provisions of the related standards( update the carrying
amount/ revalue if entity uses entity model.)
2. Measure the asset equal to lower of carrying amount in (1) above the fair value less costs to sell.
2.a Carrying amount< fair value less costs to sell: no gain or loss be recognized
2.b Carrying amount> fair value less costs to sell: loss to be recognized

Impairment loss xx

Asset held for sale xx

3. In case the fair value less costs to sell increase, recognized gain or reversal of impairment
Asset held for sale xx
Gain on reversal of impairment xx
4. Asset held for sale are not depreciated.
5. Difference between the carrying amount and actual net sales proceeds will be recognized in
profit or

Carrying amount 3,200,000

Fair value less costs to sell 2,200,000 – 200,000 = 2,000,000

Impairment loss 1,200.000

Changes in the plan to sell a noncurrent asset

1. Determine the following amounts:

1.a Carrying amount as if the asset was not held for sale. (Compute carrying amount)
Depreciation will be included in the computation and impairment loss will be excluded
1.b Recoverable amount (higher of fair value less costs of disposal or value in use)

2. Measure the noncurrent asset at the lower of 1.a and above 1.b

3. nay difference between the carrying amount (recorded amount) of the asset and the