Keyword Analysis & Research: disposal group

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Frequently Asked Questions

What is a disposal group in accounting?

A 'disposal group' is a group of assets, possibly with some associated liabilities, which an entity intends to dispose of in a single transaction. Any impairment losses reduce the carrying amount of the disposal group in the order of allocation required by IAS 36

What is the carrying amount of a disposal group?

When a disposal group is classified as held for sale, the carrying amount of the disposal group should include the CTA that will be eliminated upon sale when measuring the disposal group at the lower of its fair value less cost to sell or carrying amount.

Should the assets and liabilities of a disposal group be offset?

The assets and liabilities of a disposal group classified as held for sale should not be offset or presented as a single amount; rather, those assets and liabilities should be presented separately in the asset and liability sections of the balance sheet.

What should be adjusted for impairment in a disposal group?

As discussed in PPE 5.3.2, the carrying amounts of any assets that are not within the scope of ASC 360-10 that are included in a disposal group classified as held for sale should be adjusted for impairment in accordance with other applicable GAAP prior to measuring the fair value less cost to sell of the disposal group.


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