alleryStart learning →Unwinding of discounted costs to sell is presented as:
AAn adjustment to equity reserves
BA prior period adjustment item
CA reduction of asset carrying amount
DA financing cost in profit or loss
Answer & Solution
Correct answer: D. A financing cost in profit or loss
The increase caused only by passage of time is an unwinding of discount, so it is shown as a financing cost in profit or loss.
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Related questions
A gain or loss on a held for sale asset not recognised by the sale date is recognised:A held for sale asset must be available for immediate sale subject only to terms that are:A held for sale asset must be marketed at a price that is:Highly probable assessment considers the probability of:Where an asset is part of a disposal group, the measurement rules apply to:A disposal group includes goodwill when it is a cash-generating unit to which goodwill hasA disposal group impairment loss reduces assets in the order set out in which standard?Non-current assets are reclassified as current only when they: