The accounting for long-term operating assets held for sale or disposal under U.S. GAAP and IFRS is substantially identical.

Question

Quizplus · Accepted Answer

The accounting for long-term operating assets held for sale or disposal under U.S. GAAP and IFRS is substantially identical, requiring the assets to be classified as held for sale and measured at the lower of carrying amount or fair value less costs to sell.

The Accounting for Long-Term Operating Assets Held for Sale or Disposal