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A non-current asset should be classified as held for sale only if:

a. Its carrying amount will be recovered principally through a sale transaction rather than through continuing use b. Its carrying amount will be recovered wholly through a sale transaction rather than through continuing use c. Its carrying amount will be recovered principally through continuing use rather than through a sale transaction d. Its carrying amount will be recovered wholly through continuing use rather than through a sale transaction

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Question added by Deleted user
Date Posted: 2013/08/28
Asad zaman
by Asad zaman , Audit/Finance , Rafaqat Baber and co

According to IFRS5(Sale if asset and discountnued opration) the answer B is correct.

Yasir Ammar Mehmood
by Yasir Ammar Mehmood , Senior Accountant , Al-Mustufa Medical Centre

option b) is the correct answer. (IFRS-5)

Musa Muhammad Dandikko
by Musa Muhammad Dandikko , Chief Accountant, Acting Director, Procurement , Federal College of Education, Katsina

Its carrying amount will be recovered principally through a sale transaction rather than through continuing use

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