CIMAPRA19-F01-1 Exam - Topic 4 Question 51 Discussion

Actual exam question for CIMA's CIMAPRA19-F01-1 exam

Question #: 51
Topic #: 4

ST has an asset that was classified as held for sale at 30 June 20X4. The asset's carrying value was $230,000 and its fair value $210,000.

The cost of disposal was estimated to be $15,000.

In accordance with IFRS 5 Non-current Assets Held for Sale and Discontinued Operations, which of the following values should be used for the asset in the statement of financial position as at 30 June 20X4?

A$230,000

B$215,000

C$210,000

D$195,000

Show Suggested Answer

Suggested Answer: D

by Arlette at May 07, 2022, 11:01 PM

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Corrina

4 months ago

Totally agree with $210,000, makes sense!

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Kathrine

4 months ago

Wait, how do we know the disposal costs are accurate?

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Malcolm

4 months ago

Definitely $210,000, that’s the fair value!

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Iluminada

4 months ago

I think it should be $215,000 after disposal costs.

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Luisa

5 months ago

The carrying value is $230,000, but fair value is lower.

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Willetta

5 months ago

Ah, this is a good one. Market share and geolocation are definitely more about the business side of things, so I'm going to go with option A.

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Deandrea

5 months ago

Okay, I've got this. Each file has a single owner and group, and the owner has specific permissions. I just need to make sure I understand the nuances of how that works.

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Ernest

5 months ago

I've got this! Stop the process, write a checkpoint, and run a shell command - those are the three valid OGG Event Actions.

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Fannie

5 months ago

Hmm, the question is asking about specific ports on the switches. I'll need to carefully review the diagram and the answer choices to determine which statements are true.

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