Explain Why Non-Current Assets Held for Sale Are Valued at Fair

question 30

Essay

Explain why non-current assets held for sale are valued at fair value less costs to sell rather than at their value in use.

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Definitions:

Basic

Refers to substances that can accept protons or donate electrons, characterized by a high pH value when dissolved in water.

Amines

Organic compounds and functional groups that contain a basic nitrogen atom with a lone pair, typically derived from ammonia by replacing one or more hydrogen atoms with hydrocarbon groups.

Aniline

An aromatic amine with the formula C6H5NH2, used as a precursor in the synthesis of dyes, drugs, and plastics.

Acid Catalysis

The acceleration of a chemical reaction by an acid, which functions by donating protons (H+ ions) to transitional states or reactant molecules.