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Is it required to test non current assets held for sale for impairment?
in IAS 36 - Impairment of Assets by

4 Answers

0 votes
Non current assets held for sale are not within the scope of IAS 36. They are covered by IFRS 5. Therefore you need not test for impairment.
by Level 2 Member (4.2k points)
0 votes
yes, though VIU calculation is not required because there wouldn't be one. Just compare carrying amount to net selling price (FRS 105)
0 votes
No because as per IFRS 5 they should be measured at fair value.
0 votes
This should be measured in accordance with IFRS 5. Once measured and classified as Non-current Asset Held for Sale. All depreciation must stop and it shall be measured at Current/Fair  Selling Price in the available market.
by Level 1 Member (1.3k points)