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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?
Suggested Answer: D
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9 comments · newest first
CO
Corrina
12 months ago
Totally agree with $210,000, makes sense!
KA
Kathrine
1 year ago
Wait, how do we know the disposal costs are accurate?
MA
Malcolm
1 year ago
Definitely $210,000, that’s the fair value!
IL
Iluminada
1 year ago
I think it should be $215,000 after disposal costs.
LU
Luisa
1 year ago
The carrying value is $230,000, but fair value is lower.
WI
Willetta
1 year 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.
DE
Deandrea
1 year 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.
ER
Ernest
1 year ago
I've got this! Stop the process, write a checkpoint, and run a shell command - those are the three valid OGG Event Actions.
FA
Fannie
1 year 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.