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of <h1>Ind AS 105: Accounting for Non-Current Assets Held for Sale and Discontinued Operations, Measurement, and Presentation Guidelines</h1> Indian Accounting Standard (Ind AS) 105 outlines the accounting treatment for non-current assets held for sale and discontinued operations. It mandates that such assets be measured at the lower of their carrying amount and fair value minus costs to sell, and that depreciation on these assets should cease. These assets must be presented separately in financial statements. The standard applies to all recognized non-current assets and disposal groups, excluding certain assets like deferred tax assets and financial instruments. It also details criteria for classifying assets as held for sale, including management's commitment to a sale plan and the high probability of sale within a year.
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