how will the piece of equipment and the closure of the manufacturing units be treate 562655

Facts

An entity is reorganizing its business activities. In one location, it is stopping the usage of certain equipment because the demand for the product produced by that equipment has reduced significantly.

The equipment is to be maintained in good working order, and it is expected that it will be brought back into use if the demand increases. Additionally, the entity intends to close three out of five manufacturing units. The manufacturing units constitute a major activity of the entity. All the work within the three units will end during the current year, and as of the year end all work will have ceased.

Required

How will the piece of equipment and the closure of the manufacturing units be treated in the financial statements for the current year?

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