Overview
Available for sale assets are assets that the company does not intend to sell at some point, but could be sold. This typically means that assets that can be bought and sold in the secondary markets are avaiable to sale, if not classified as fair value.
Treatment
An available for sale asset is to be held at fair value on the balance sheet. (see fair value) However, changes in the fair value of the asset are not recognized in income, unless they are realized, or an impairment occurs. The changes are recorded as part of comprehensive income.