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P2-D2.
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kinza1997
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Hi.
kindly if you could help me with the following adjOn 1 January 2019, Hartsop acquired 70% of the equity interest of Skiddaw for a cash consideration of $1,340 million. At 1 January 2014, the identifiable net assets of Skiddaw had a fair value of $1,850 million, and retained earnings were $450 million. The excess in fair value is due to an item of property, plant and equipment that has a remaining useful life of 10 years.
i understood that PPE at fair value would be valued at $400 but cannot understand how depn figure amount to $80.
please help!thanks
P2-D2
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Hi,
Yes, I think I got confused writing out the dates in the question and I need to update them. So, don’t worry about this too much currently.
Thanks,
kinza1997
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