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depreciation-9000
36000/4=9000
unrealised profit
36000-9000=27000debit gre-20250
debit nci-6750
credit fixed assetBut it is arising from P/P/E selling it is not intra-group sale it is just intra-group non current sale or transfer
CAn i recognised it as negative figure like how unrealised profit recognised at date of reporting in order to reduce post acquistion period’s figures?“CAn i recognised it as negative figure like how unrealised profit recognised at date of reporting in order to reduce post acquistion period’s figures?”
No – because that would lead you to the wrong answer – you will have time-apportioned the $60,000 into pre- and post- figures of $25,000 and $35,000
Then you will take off the $36,000 from $35,00 post-acquisition profits and then you will just go further and further down the wrong track
What’s the matter with reading the solution and thinking “Oh yes! That’s an interesting adjustment. I must remember that” rather than trying to design some clever moves of your own
In answer to your question, again NO
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