Danson Company, a Company Who Uses IFRS Reporting Standards, Has

Multiple Choice

Danson Company, a company who uses IFRS reporting standards, has a non-current asset that has been classified as held-for-sale. When the asset no longer meets this definition, Danson should

A) remove the asset from the statement of financial position.
B) remeasure the asset at fair value.
C) measure the asset at the lower of its carrying value before it was classified as held-for-sale and its recoverable amount at the date when the company decided not to sell it.
D) leave the non-current asset on the financial statements at the current carrying value.