04-26-2006, 06:38 PM
<blockquote id="quote"><font size="1" face="Verdana, Tahoma, Arial" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by Ali Akbar</i>
<br />IFRS 5 'Non Current Assets Held for Sale' deals with the classification and measurement of assets which are intended to be disposed of within a year; and there are certain conditions which shall be complied with before classifying any asset as held for sale.
Now, my question is to whether an asset held for sale and intended to be <b>leased back </b> shall be classified as held for sale under IFRS 5? If yes/no, why?
Anticipating responses from seniors.
ICAPians, the unparalleled..
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Bro i am a newbie in ACCA and yet i think that it wouldn't be classified under "Non current Asset held for sale", since it is actually not sold out to the customer. it is just given away and the customer or the tenant pays his rent. It is like giving your apartment to someone for rent.
<br />IFRS 5 'Non Current Assets Held for Sale' deals with the classification and measurement of assets which are intended to be disposed of within a year; and there are certain conditions which shall be complied with before classifying any asset as held for sale.
Now, my question is to whether an asset held for sale and intended to be <b>leased back </b> shall be classified as held for sale under IFRS 5? If yes/no, why?
Anticipating responses from seniors.
ICAPians, the unparalleled..
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Bro i am a newbie in ACCA and yet i think that it wouldn't be classified under "Non current Asset held for sale", since it is actually not sold out to the customer. it is just given away and the customer or the tenant pays his rent. It is like giving your apartment to someone for rent.
