Assets classified as held for sale are not depreciated; they are measured at the lower of carrying amount and fair value less costs to sell. The result of discontinued operations is shown separately as a single line in profit or loss.
Source: TFRS 5
Related terms
Property, plant and equipmentPhysical assets used in the production of goods and services, for rental or for administrative purposes, and expected to be used for more than one period.Fair valueThe price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.Statement of profit or lossThe statement showing an entity's revenue and expenses for a period and the resulting profit or loss.Accounting estimatesThe determination by management judgement of amounts that cannot be measured precisely, such as provisions, useful lives, expected credit losses and fair values.Accounting policiesThe specific principles, bases, conventions, rules and practices an entity applies in preparing its financial statements.Accrual basis of accountingThe principle of recording transactions as income, expenses, assets and liabilities in the period in which they occur, rather than when cash is received or paid.
Last updated: October 31, 2026 · This definition is for general information only.