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Heel Limited acquired a 60% holding in Sock Limited on 1 January 2019. At this date Sock owned a building with a fair value N$200
Heel Limited acquired a 60% holding in Sock Limited on 1 January 2019. At this date Sock owned a building with a fair value N$200 000 in excess of its carrying amount and a remaining useful life of 10 years. All depreciation is charged to operating expenses. Goodwill has been impaired by N$55 000 in the year to 31 December 2019. The balances on operating expenses for the year to 31 December 2020 are shown below Heel Limited N$600 000 Sock Limited N$ 350 000 What are the consolidated operating expenses for the year to 31 December 2020?
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