Share this content
0

Loss/Profit on Fixed Asset Disposals

Loss/Profit on Fixed Asset Disposals

Didn't find your answer?

Could some kind person confirm my understanding of the treatment of the above. If the item is material it is disclosed under FRS3 as an exceptional item after operating profits. If not material, it is not deemed exceptional but presumably is disclosed under the operating profit note along with depreciation etc. I notice that some software assumes it to be exceptional but I suppose that may be the problem with software and materiality decisions.

Thanks.

Replies (0)

Please login or register to join the discussion.

There are currently no replies, be the first to post a reply.

Share this content

Related posts