ASSOCIATE

IN THE SITUATION WHERE THE SOLE INVESTMENT OF A PUBLIC COMPANY IS 30 % INTEREST IN ANOTHER COMPANY REPRESENTING A SIGNIFICANT INFLUENCE WHAT IS THE VALUE OF INVESTMENT IN ASSOCIATE ?
cOST OF INVESTMENT 3 MILLIN $
POST ACQUISITION RE 1 MILLION $
NO IMPAIRMENT

AS PER MY CALCULATION THE ANSWER IS 3.3 MILLION $ WHILE THE RIGHT ANSWER IS NILL WHERE IS THE TRICK POINT IN THIS QUESTION .

THE EQUITY METHODE NOT APPLICABLE HERE ??