alleryStart learning →Non-current assets measured at fair value less costs to sell under Ind AS 41 relate to:
AAgricultural assets
BInvestment property
CIntangible assets
DInsurance contracts
Answer & Solution
Correct answer: A. Agricultural assets
Ind AS 41 covers agricultural assets, and those it measures at fair value less costs to sell are left out of Ind AS 105 measurement.
Keep practising Ind AS 105 Non-current Assets Held for Sale and Discontinued Operations
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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: