A non-current asset purchased exclusively for the purpose of resale, does not need to be tested for impairment immediately after acquisition. True False Investment property is never measured in terms of IFRS 5 Non-current assets held for sale and discontinued operations, even if it meets the criteria to be classified as held for sale. True False After a non-current asset is classified as held for sale, depreciation / amortisation ceases. True False A non-current asset may still be classified as held for sale even if the sale is not expected within one year. True False A plant with a carrying amount of R292 000 (cost price of R340 000) on 31 December 2018 is to be immediately classified as held for sale. On the date of reclassification as held for sale, this plant (measured under the cost model and have not been impaired since it was acquired) had a value in use of R244 000, a fair value of R280 000 and expected selling costs of R16000. Calculate the following amounts: The asset's carrying amount after classifying it as held for sale will be R The TOTAL impairment loss recognised in respect of the plant amounts to R The impairment loss in terms of IAS36 Impairment of assets will be R The impairment loss in terms of IFRS 5 Noncurrent assets held for sale and discontinued operations will be R