Non Current Assets Held For Sale: Recognition
Recognition Criteria Under IFRS 5 IFRS 5 provides that the asset under consideration must be available for immediate sale in its present condition subject to terms that are usual and customary for sales of such assets and its sale must be highly probable. Immediate sale Example: AV Ltd owns a building where it runs its branch sales office. Due to change in business operations, the building is not required by AV Ltd. The building is agreed to be sold in its present condition t