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aiahadulislam

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Active 8 months ago
  • Topics: 5
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Viewing 3 posts - 1 through 3 (of 3 total)
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  • December 5, 2024 at 1:16 pm #713920
    mysteryaiahadulislam
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    The $8m spent on the construction equipment was for the purpose of building the facility.

    Someone can argue that since the management does not have the intention to build any more facilities, the equipment can be considered a part of the facility. The facility cannot be built without the equipment.

    September 2, 2024 at 6:01 pm #710653
    mysteryaiahadulislam
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    If the consideration paid exceeds the share of FV of net assets, it is recognised as goodwill. If it falls below the share of the FV of net assets, it is recognised as a bargain purchase just like a subsidiary.
    This is mentioned in IAS 28 para 32 a and b

    February 4, 2024 at 6:49 am #699703
    mysteryaiahadulislam
    Participant
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    As far as I have heard, employers in the UK prefer ACA (ICAEW) for audit roles. I am not sure if this is true since I do not live in the UK.

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