MFRS5: NON-CURRENT ASSETS HELD FOR SALES

According to MFRS 5, which of the following conditions must be met to classify a property as "Non-current Assets Held for Sale"?

• The property is held for long-term investment purposes.

• The property is available for immediate sale at its present condition.

• The property has been held for less than six months.

• The property's sale is uncertain.

According to MFRS 5, when is the sale of a property considered "highly probable"?

• When there is a firm purchase commitment from a buyer.

• When the property has been on the market for at least one year.

• When the property's market value increases significantly.

• When the property is used for internal purposes.

Which of the following situations indicates that a property should be classified as "Non-current Assets Held for Sale" under MFRS 5?

• The property is currently used as the company's headquarters, and there is no intention to sell it.

• The property is available for immediate sale, and its carrying amount exceeds its recoverable amount.

• The property is being leased to a third party for a fixed term.

• The property's market value has recently increased.

In which situation is the sale of a property considered "highly probable" under MFRS 5?

• When there is some interest from potential buyers.

• When management is actively marketing the property for sale.

• When the property's market value is fluctuating.

• When the property is still being used for its original purpose.

In which scenario is it NOT appropriate to classify a property as "Non-current Assets Held for Sale"?

• When the property is in such poor condition that it cannot be sold.

• When a binding sale agreement with a buyer has been signed.

• When the property is actively being marketed for sale.

• When the property's market value exceeds its carrying amount.