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6 Holiday Co have decided to sell their central office, which meets the held for sale criteria per IFRS 5 Non-current Assets Held for Sale
6 Holiday Co have decided to sell their central office, which meets the held for sale criteria per IFRS 5 Non-current Assets Held for Sale and Discontinued Operations. The central office was purchased 15 years ago, at a cost of 550,000 and was estimated to have a useful life of 25 years. Holiday Co believe that they can sell their central office for 410,000, but costs to sell will total 60,000. At what value should the asset be valued when classified as held for sale? ABCD 220,000 350,000 410,000 550,000
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