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Dear sir, please help me to explain about the adjustment of development cost when prepare Consolidation of SOFP at 31 mar 20×5 in Q306 of Revision Kit BPP. Subsidiary’s development project was completed on 30 sep 20×4 at a cost of 50 ml.10ml of this had been amortised by 31 mar 20×5.Development cost capitalized by S at the date of acquisition date were 18 ml.Development cost do not meet the creteria for recognition as an asset .Acquisition date is 1 apr 20×4.Thank you.
Hi,
So what is it that you are specifically asking for help on within the question?
Thanks
Dear sir, the answer is that: write off development cost (50-18)ml and write back amortised of development cost 10 ml.I do not understand.Plese help me to explain.Thank you
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