In accordance with ASC 360-10-45-15, long-lived assets to be disposed of other than by sale (e.g., by abandonment, in an exchange measured based on the recorded amount of the nonmonetary asset relinquished, or in a distribution to owners in a spinoff) should continue to be classified as held and used until they are disposed. Therefore, if long-lived assets are to be disposed of in a distribution to owners in a spinoff, the assets are not measured at the lower of their carrying amount or fair value less cost to sell (as would be the case, for example, if the asset were classified as held for sale).

In accordance with IFRS 5.5A, the classification, presentation, and measurement requirements applicable to assets classified as held for sale also apply to assets that are classified as held for distribution to owners. Therefore, if a long-lived asset is to be disposed of in a distribution to owners, the asset is measured at the lower of carrying amount and fair value less costs to distribute.