CIMA Exam CIMAPRA19-F01-1 Topic 4 Question 51 Discussion

Actual exam question for CIMA's CIMAPRA19-F01-1 exam

Question #: 51
Topic #: 4

ST has an asset that was classified as held for sale at 30 June 20X4. The asset's carrying value was $230,000 and its fair value $210,000.

The cost of disposal was estimated to be $15,000.

In accordance with IFRS 5 Non-current Assets Held for Sale and Discontinued Operations, which of the following values should be used for the asset in the statement of financial position as at 30 June 20X4?

A$230,000

B$215,000

C$210,000

D$195,000

Show Suggested Answer

Suggested Answer: D

by Arlette at May 07, 2022, 11:01 PM

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