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Why fixed asset held for sale is current asset?

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Sri kanaga Varshini

Sri kanaga Varshini

CA Final

3K+

07-Apr-21 14:14

614

Answers (2)

Where the intention of management is to sale the fixed asset in such case that particular asset is not ganna to provide future economic benefit for more than 12 months So that it should be shown as current asset in the financial statements of entity.


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