Non-current asset derecognition, Accounting Standards Board No. 2929/11.12.2018

Due to a relevant question we present a portion of Accounting Standards Board’s answer:

“… the result (loss), which will arise from the ending of the non-current asset recognition, will be determined as the difference between the zero inflow, due to the loss, and its accounting balance (negative difference). The above-mentioned loss, resulted from the ending of the non-current asset recognition, will be included in the statement of profit and loss at the time of this item’s derecognition from the entity’s accounting books.”