[When it issued IFRS 18, the IASB amended IFRS 5 to clarify that ‘presentation’ refers to providing information in the primary financial statements and ‘disclosure’ refers to providing information in the notes.]
BC56 SFAS 144 requires an entity to present:
(a) a long-lived asset classified as held for sale separately in the balance sheet; and
(b) the assets and liabilities of a disposal group classified as held for sale separately in the asset and liability sections of the balance sheet. The major classes of those assets and liabilities are separately disclosed either on the face of the balance sheet or in the notes.
BC57 In the Basis for Conclusions on SFAS 144 the FASB noted that information about the nature of both assets and liabilities of a disposal group is useful to users. Separately presenting those items in the balance sheet provides information that is relevant. Separate presentation also distinguishes those assets that are not being depreciated from those that are be
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