Group SFP – NCA PUPs – ACCA Financial Reporting (FR)
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why do we not remove the unrealised profit when removed the inventory or NCA?
Let say we were reporting in the following year and p is the one that sold the asset can we adjust for the sale of non current asset as:
Dr PPE with the excess depreciation
Cr excess depreciation to w2 of the subsidiary in the at reporting date column
Dr p’s retained earnings unrealised profit
Cr PPE unrealised profit