2.2 KHK Electricity Company Limited, a power generation entity, is discussing a plan to sell...

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2.2 KHK Electricity Company Limited, a power generation entity, is discussing a plan to sell a disposal group, a power generating plant, that represents a significant portion of its regulated operations. The sale requires approval from the relevant regulatory bodies which could extend the period required to complete the sale beyond one year Actions necessary to obtain that approval cannot be initiated until after a buyer is known and a firm purchase commitment is obtained. However, a firm purchase commitment is highly probable within one year Discuss when KHK can classify the plant as held for sale

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