A category of an entity’s assets that are held for the sole purpose of use, either in a direct way (own use) or an indirect way (for lease to a third party). An entity may reclassify its assets or investments from one category to another, including assets/ investments held for use when it plans to dispose of the asset/ investment (that is, the investment or related consolidated assets), in which case such assets/ investments may become held for sale (HFS).
August 6, 2024
