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I don’t think you were supposed to deduct the excess depreciation at the date of acquisition 9 months of the excess depriciation would be shown in the csopl, other, than the excess deperication my working for the FV of net assets at the date of acquisition is the same as yours,for me my consolidated profit for the year was something like 8820 with the profit being attributable to the NCI of 600 and to the parent 8220.
Hey I had the same question and I was wondering why did u have to calculate net assets at the reporting date moreover why did you subtract excess depreciation at the reporting date wouldn’t you just have to adjust it to fair value
Hey John I just wrote my exam on the 17 and after going through this poll I realised that our paper may have been the same one,even i had gotten profit attributable to NCI of 600,did the cost of investment consist of cash and deferred consideration and was the FV of NCI 2600(200 shares*13 share price)
