According to CPC 31, when should an asset be classified as held for sale? a) When its carrying amount will be recovered mainly through continuous ...
According to CPC 31, when should an asset be classified as held for sale?
a) When its carrying amount will be recovered mainly through continuous use.
b) When its carrying amount will be recovered mainly through a sale transaction instead of continuous use.
c) When its carrying amount will be recovered mainly through a sale transaction and continuous use.
a) When its carrying amount will be recovered mainly through continuous use.
b) When its carrying amount will be recovered mainly through a sale transaction instead of continuous use.
c) When its carrying amount will be recovered mainly through a sale transaction and continuous use.
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Ed 
According to CPC 31, an asset should be classified as held for sale when its carrying amount will be recovered mainly through a sale transaction instead of continuous use. Therefore, the correct answer is option b) When its carrying amount will be recovered mainly through a sale transaction instead of continuous use.
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