ACCA P2 IFRS 5 Non-current assets held for sale

[@isaacchaleka5817]

you guys are the best. I love this presenter

[@charleschibi9644]

this guy makes accounting look easy. well presented!!!

[@karimhassanmscfinancecfain4736]

I like the presenter he's very good

[@zzzzzzz6366]

Where from this example was taken?(sorry for my english)

[@masalanaboeve4052]

Why is it that your carrying amount is not 13 900 but the fair value amount when you doing the lower of carrying amount and fair value less cost to sell??

[@ishanifernando1]

yeah im having same question

[@andre_tube..]

It's because of the basis used. The company uses the revaluation model and this means that before reclassifying any asset, we have to revalue it to it's current market price/value. In this case, this is 15.4m. This figure now becomes the new carrying amount of the asset.

[@Sam_Bellwood]

So is it correct that the impairment (cost to sell) isn't taken from the revaluation surplus in OCI?

[@opentuition]

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[@christoskritikos2290]

My question also. I think you are right and it should be charged against the revaluation surplus.

[@andre_tube..]

@@christoskritikos2290 I think so too

[@pombilinakaleke6329]

if you arent the best.. i donk who is!

[@knowledgehub504]

What is ppe

[@opentuition]

Property, plant and equipment.

[@MYASHIYAN]

nice and valuable lecture

[@jenishcajimmy9322]

Not the example saying Namibia 🇳🇦 😏