Assets no longer used in operations are accounted for in essentially the same manner as those used in operations.

Name: Assets no longer used in operations are accounted for in essentially the same manner as those used in operations.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Assets no longer used in operations, such as those held for sale, are accounted for differently, often measured at the lower of their carrying amount or fair value less costs to sell, rather than being depreciated or amortized as operational assets are.

Assets No Longer Used in Operations Are Accounted for in Essentially