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Chapter – Accounting for associates – Question page 183
Consolidated statement of financial position is to be reported at 31.12.20W6
Adjustment(answer):
Freehold property
John Co =1950
Paul Co =1250
Fair value adjustment =400
Additional depreciation (400*50/40)*6years(20W0-20W6) =(30)
Total =3570
I don’t understand why the additional depreciation should be divided by 40 years than 50 years as is ?
Thank you
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