The measurement basis for noncurrent assets classified as held-for-sale is to be applied to the group as a whole, and any resulting impairment loss will reduce the carrying amount of the noncurrent assets in the disposal group. Assets and liabilities which are to be disposed of together in a single transaction are to be treated as a disposal group. Just before an asset is initially classified as held-for-sale, it should be measured in accordance with the applicable IFRS. When noncurrent assets or disposal groups are classified as held-for-sale, they are measured at the lower of the carrying amount and fair value less costs to sell. IFRS 5 states that noncurrent assets classified as held-for-sale are not to be depreciated. IFRS 5 was amended in the 2009 Improvements Project and now specifies the disclosures required in respect of noncurrent assets (or disposal groups) classified as held-for-sale or discontinued operations.