Long-lived assets that are held for sale
A) continue to be depreciated.
B) are carried at the higher of book value and fair values less costs of disposal.
C) are generally not re-measured at each balance sheet date.
D) are reported separately from other assets.

Question

Quizplus · Accepted Answer

Long-lived assets that are held for sale are reported separately from other assets on the balance sheet to distinguish them from assets held for use in operations. This separate reporting helps users of the financial statements understand that these assets are expected to be disposed of, rather than used in the company's ongoing operations.

Long-Lived Assets That Are Held for Sale