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Other Current Assets
 3 Months Ended
Mar. 31, 2019
Other Current Assets [Abstract]  
Other Current Assets

11.  Other current assets



 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



 

 

March 31,

December 31,



 

 

 

 

 2019 

 

 

 2018 

Advances against auction contracts

 

 

 

$

 16,573 

 

$

 15,558 

Assets held for sale

 

 

 

 

 31,221 

 

 

 15,051 

Prepaid expenses and deposits

 

 

 

 

 18,759 

 

 

 18,446 



 

 

 

$

 66,553 

 

$

 49,055 


Assets held for sale



 

 

 

 



 

 

 

 

Balance, December 31, 2018

 

 

 

 15,051 

Reclassified from property, plant and equipment 

 

 

 

 16,170 

Balance, March 31, 2019

 

 

$

 31,221 



11.  Other current assets (continued)

Assets held for sale (continued)

As at March 31, 2019, the Company’s assets held for sale consisted of five excess properties located in the United States. Management made the strategic decision to sell these properties to maximize the Company’s return on invested capital. The estimated sales proceeds are expected to be in excess of the current book value. The properties have been actively marketed for sale, and management expects the sales to be completed within 12 months of March 31, 2019. This property belongs to the A&M reportable segment.