Under IFRS, Sampson Company, who has a non-current asset which has been classified as held-for-sale, should

Question

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Non-current assets classified as held-for-sale should no longer be depreciated as they are expected to be sold in the near future. Testing for impairment should be done only when there is evidence that the asset's recoverable amount is less than its carrying amount. Valuation should be at the lower of carrying amount or fair value less costs to sell. Therefore, the correct option is not to depreciate the asset.

Under IFRS, Sampson Company, Who Has a Non-Current Asset Which