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Q 7 Tyres Ltd. has decided to sell assets and related liabilities that have been classified as a disposal group held for sale. A recent
Q 7 Tyres Ltd. has decided to sell assets and related liabilities that have been classified as a disposal group held for sale. A recent decision was taken not to sell one of the specialized machines included in the disposal group. Complete the following description of how the specialized machine should be classified and measured. Select the correct answers from the drop-down boxes. Tyres Ltd. shall cease should . Its to classify the specialized machine as held for sale and the machine the disposal group. The specialized machine shall be measured at the of: Its carrying amount before classified as held for sale (adjusted for all depreciation or revaluations that would otherwise have been recognized) and at the date the decision was taken not to sell the asset. Submit
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