Doubts in previous question papers

Ppinkyjovin12310y ago

Hello Sir, I have given enough space between At acquisition and At yr end but when I submitted there seems to be no space.I believe it is a technical problem. 1)In June 2014 Penketh Under Goodwill,How do we get nci 60,000 and why do we need to include depn-plant,amortisation (intangible) and 80,000*6/12 in NCI in profit for the year and how do we get 40% and in Dec 2013 Polestar under profit for year attributable to we didn't include any depreciations why????? 2) In dec 2014 Section b 2nd question Under Plant and Equipment Using the Reducing balance method How do we cal 12 *1/2 % Pinky

MikeLittleTutor10y ago#1

20,000 x .125 = 2,500 Carrying value 17,500 17,500 x .125 = 2,187.5 Carrying value 15,312.5 15,312.5 x .125 = 1,914 Carrying value 13,398 13,398 x .125 = 1,674.75 Carrying value 11,724 11,724 x .125 ...... Ok? What's the problem?

MikeLittleTutor10y ago#2

60,000 is the number of shares owned by the nci. There are in total 150 million and we bought 90 million. How many are owned by the nci? We need to include the extra depreciation and amortisation because we have to use fair values and the subsidiary hasn't changed it's records to reflect fair values We have to include 80,000*6/12 because that's the post-acquisition profits and the nci want their share of those profits How do we get 40%? What percentage holding does the nci have? Why do you have to write your posts as though you have to include all the various points in one sentence before you forget anything. It's just that little teensy-weeny bit awkward to sort out where one bit of question stops and the next one starts? I've not looked at Polestar yet - I'm too busy answering Penketh