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In Jun 09 ansswer sheet consideration is 128-10 kindly explain The 10 am struggling to understand where it came from.
Thankyou
What’s the name of the question – I can’t find it in the ACCA website of past exams but I may find it through google
Thank you sir still on the same question the PPE the depreciation is 14/7 =2
14 is it the gain on the purchase, and the seven am lost sir kindly assistI think we have a problem here! I suggest that, when the question was originally asked, it was an IAS requirement that goodwill should be amortised and the period was over the same period is the remaining estimated useful lives of the TNCA acquired.
That information (estimated remaining useful life of assets acquired) must have been 7 years according to the question but, in subsequent adaptations that information has been omitted – at least, I can’t see it now!
That’s the best I can do, sorry
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