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The measurement of non-current assets
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[QUOTE="Yakub02, post: 309726, member: 94426"] The measurement requirements of IFRS 5 apply to all recognised non-current assets and disposal groups except for: deferred tax assets (IAS 12: Income Taxes). assets arising from employee benefits (IAS 19: Employee Benefits). financial assets within the scope of IFRS 9: Financial Instruments. non-current assets that are accounted for in accordance with the fair value model in IAS 40: Investment Property. non-current assets that are measured at fair value less estimated point-ofsale costs in accordance with IAS 41: Agriculture. contractual rights under insurance contracts as defined in IFRS 17: Insurance Contracts. Comment on the scope of IFRS 5 The scope of IFRS 5 is a little complicated. A non-current asset that is scoped out of IFRS 5 for measurement purposes may fall within the classification and presentation rules. Such a non-current asset might be part of a disposal group. In this case the measurement rules of IFRS 5 apply to the disposal group as a whole but not to the scoped out assets within the group which are measured individually according to the rules set out in their own standards. Abandonment of non-current assets Non-current assets (or disposal groups) to be abandoned include non-current assets (or disposal groups) that are to be: used to the end of their economic life; or closed rather than sold. A non-current asset (or disposal group) that is to be abandoned must not be classified as held for sale. [/QUOTE]
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The measurement of non-current assets
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