alleryStart learning →Why was IFRS 5 para 5(d) on investment property deleted?
AInd AS 40 requires expensing it
BInd AS 40 bars the fair value model
CInvestment property cannot be sold
DHeld for sale rules never apply
Answer & Solution
Correct answer: B. Ind AS 40 bars the fair value model
The paragraph dealt with the fair value model for investment property, which Ind AS 40 does not permit, so it was removed.
Keep practising Ind AS 105 Non-current Assets Held for Sale and Discontinued Operations
Browse all Ind AS 105 Non-current Assets Held for Sale and Discontinued Operations questions for CA Final, or explore more Financialreporting topics.
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: