Accounting Practices Regarding the Non-Current Assets Held for Sale

Marinela Manea, Veronica Stefan


Generally the non-current assets, and especially the tangible assets, are held by the entity (as it results from their very definition) in order to be used in the production of goods or for services, to be rented to the thirds or to be used for administrative purposes during several periods. For the time interval that a non-current asset is not classified as being held for sale, its recognition and implicitly its assessment will be done in accordance with the provisions of the applicable International Financial Reporting Standards; after the classification of the respective asset as being held with the intention of subsequent sale there will be applicable the provisions of the contemporary IFRS norm 5 “Non-current assets held for sale and discontinued activities”.


Assets available for sale; Fair value; Afferent costs to the sale; Loss from depreciation

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ISSN: 2344-1321 (online)