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    Question

    Head office building is committed to sale; criteria for

    ā€œheld for saleā€ are met. Will the depreciation still be provided?
    A Continue Correct Answer Incorrect Answer
    B Suspend from classification date Correct Answer Incorrect Answer
    C Accelerate Correct Answer Incorrect Answer
    D Transfer to OCI Correct Answer Incorrect Answer
    E Reverse accumulated depreciation Correct Answer Incorrect Answer

    Solution

    Depreciation ceases once classified as held for sale.

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