Chapter 12, Example 2 – NCI B/F

Mr. Mike

in the above Eg., you have arrived at NCI – B/F in one way which is understandable, But, If I tried to calculate using our normal way, we learnt. it show a different figure .. as below

NCI -B/F
NCI Value as of date of acquisition = 42,857
Post acquisition R/E (500,000-50,000)30%=135,000
Total = 177,857
In USD 177,857/5.90 = 30,145$

But, Your way show 62,960$

What’s the mistake I have made, Because, I couldn’t understand.
Pls advise….

BR,
Priyantha