Deloitte
Accounting Research Tool
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Chapter 5 — Discontinued Operations

5.3 Disposals That Occur Over Multiple Reporting Periods

5.3 Disposals That Occur Over Multiple Reporting Periods

A component of an entity may be as low a level as an asset group (see Section 2.3). However, to qualify for discontinued-operations presentation, the disposal must have a major effect, which must be quantitatively significant. Sometimes management plans to dispose of a group of components but those components will qualify as held for sale or will be disposed of over multiple reporting periods. In such cases, the disposal may represent a strategic shift in its entirety but the component or components that are disposed of or classified as held for sale in any individual reporting period may not have a quantitatively major effect.