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IFRS — IFRS 5 - Non-current Assets Held for Sale and Discontinued Operations, IAS 16 - Property, Plant and Equipment — QB-000011

Immediately before held-for-sale classification, a revalued property has carrying amount $18m and fair value $20m. Costs to sell are $0.8m. After applying IAS 16 first, what IFRS 5 loss is recognised in profit or loss?

$2.0m expenses $0.8m expenses $2.8m Profit $1.8m expenses