Accounting · Non-Current Assets Held for Sale
A disposal group is classified as Held for Sale on 31 December 20X5 under IFRS 5. The Fair Value Less Costs to Sell (FVLCTS) of the disposal group is estimated at 800,000. Prior to reclassification, the carrying amounts are: Assets 1,000,000 and Liabilities 100,000 (Net assets of 900,000). At what net amount should the disposal group be measured and reported in the Statement of Financial Position?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1700,000
- 2800,000✓
- 3900,000
- 41,000,000
Correct answer
800,000
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