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Posted on Jul 19, 2024

10) ER 600.000 200.000 500.000 1.000.000 BER SAL ERRE Amortization expenses Impairment loss Inventories Property and equipment, net Cost of goods sold Depreciation expense Identifiable

10) ER 600.000 200.000 500.000 1.000.000 BER SAL ERRE Amortization expenses Impairment loss Inventories Property and equipment, net Cost of goods sold Depreciation expense Identifiable intangit Goodwill RE ELE 500,000 1,000,000 600.000 200,000 Property and equipment and identifiable intangibles tevaluations are written off on a strught-line basis. no residual value. Additional godwill impairment losses of 1,000 are reported in 2021. Except for the inventories, mume of the revalued assets are sold in future years, Required Trepe consolidation climinating entries cland (O Decanter 31. 120 Het TR2 LO 1, 2,4 54.9 Projecting Consolidation Eliminating Entries An acquisition takes place on January 1, 2018. At December 31, 2018, you observe the following consolidation climinating entries IR Identifiable intangis Land Goodw inventories Property deguld Investment in Somson Company 3.000.000 2.000.000 15.000.000 500.000 10.000.000 9.500.000 continued 2019 Cre Debit 2018 Debit Credit 3,000,000 2,000,000 15,000,000 500,000 10,000,000 9,500,000 1 ENTRYR 2 Account 3 Identifiable Intangibles 4 Land 5 Goodwill 6 Inventories 7 Property, Plant & Equipment 8 Investment in Sampson 9 10 ENTRY O 11 Amortization Expense 12 Impairment Loss 13 Inventories 14 Property, Plant, and Equipment 15 Cost of Goods Sold 16 Depreciation Expense 17 Identifiable Intangibles 18 Goodwill 19 600,000 200,000 500,000 1,000,000 500,000 1,000,000 600,000 200,000 000 10) ER 600.000 200.000 500.000 1.000.000 BER SAL ERRE Amortization expenses Impairment loss Inventories Property and equipment, net Cost of goods sold Depreciation expense Identifiable intangit Goodwill RE ELE 500,000 1,000,000 600.000 200,000 Property and equipment and identifiable intangibles tevaluations are written off on a strught-line basis. no residual value. Additional godwill impairment losses of 1,000 are reported in 2021. Except for the inventories, mume of the revalued assets are sold in future years, Required Trepe consolidation climinating entries cland (O Decanter 31. 120 Het TR2 LO 1, 2,4 54.9 Projecting Consolidation Eliminating Entries An acquisition takes place on January 1, 2018. At December 31, 2018, you observe the following consolidation climinating entries IR Identifiable intangis Land Goodw inventories Property deguld Investment in Somson Company 3.000.000 2.000.000 15.000.000 500.000 10.000.000 9.500.000 continued 2019 Cre Debit 2018 Debit Credit 3,000,000 2,000,000 15,000,000 500,000 10,000,000 9,500,000 1 ENTRYR 2 Account 3 Identifiable Intangibles 4 Land 5 Goodwill 6 Inventories 7 Property, Plant & Equipment 8 Investment in Sampson 9 10 ENTRY O 11 Amortization Expense 12 Impairment Loss 13 Inventories 14 Property, Plant, and Equipment 15 Cost of Goods Sold 16 Depreciation Expense 17 Identifiable Intangibles 18 Goodwill 19 600,000 200,000 500,000 1,000,000 500,000 1,000,000 600,000 200,000 000