Held for Sale

Under U.S. GAAP, for discontinued operations reporting, a component of an entity is classified as held for sale in the period in which all of the following criteria are met:

1. Management commits to a plan to sell the component.
2. . The component is available for immediate sale in its present condition.
3. An active program to locate a buyer has been initiated.
4. The sale of the component is probable and the sale is expected to be complete within one year.
5. The sale of the component is being actively marketed.

6. Actions required to complete the sale make it unlikely that significant changes to the plan will be made or that the plan will be withdrawn. See also component of an entity and discontinued operations.