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Ind As 105

Accountancy

Is ind as 105 mandatory..that is, if an asset meets all the conditions specified in ind as 105 is it mandatory to classify that asset as asset held for sale.. Or is it just that, if u need to classify an asset under asset held for sale, the those conditions needs to be met

Christeena Ambel

CA Final

★ 80

28-Dec-23 01:24

491

Answers (3)

Both statements are valid. Not sure what your doubt is.

CA Suraj Lakhotia

Admin

28-Dec-23 06:58

If i have set aside a fixed asset for the purpose of selling..then l, can i continue claiming depreciation without treating it as an asset held for sale under ind as 105

Thread Starter

Christeena Ambel

CA Final

★ 80

28-Dec-23 11:17

CA Suraj Lakhotia

Admin

28-Dec-23 11:22