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Working no 3 Unrecognised profit for Captive is considered to be 20% of ………….. and the answer is 30,05 where is this figure…… coming from for me to get that 20%
Thankyou in advance
Hi,
As the goodwill is measured under the proportionate share of net assets method we need to calculate the full goodwill to work out the total value of the subsidiary for impairment calculations.
If the goodwill is $120.2 million which is representative of 80% of the subsidiary then to work out the remaining 20% we need to divide the $120.2 million by 80% and then multiply by 20%. This should give you the $30.05 million.
Thanks
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