Question
On 1/7/2019, Parent Ltd sells plant to Sub Ltd for $1,000. It had a carrying amount in Parent Ltd of $800 with accumulated depreciation of
On 1/7/2019, Parent Ltd sells plant to Sub Ltd for $1,000. It had a carrying amount in Parent Ltd of $800 with accumulated depreciation of $300.
Sub depreciates at 10% p.a. on cost of $1,000 (ie $100). Parent had depreciated at $80 per year.
Prepare consolidation worksheet adjustments as at 30/06/2020
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Accountancy Analysis Of Financial Statements Analysis Of Financial Statements
Authors: M. Hanif, A. Mukherjee
1st Edition
1642879762, 9781642879766
