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Sir in this particular question while calculating Goodwill shouldn’t the depreciation be deducted from Fair Value of S’s net assets @ acquisition?
The current value in the notes is 10,800 + 4000. Depreciation of 400*3 = 1200 with respect to property should also be deducted right?Goodwill must be measured at the acquisition date when the FV adjustment was 4000.
Subsequently the only adjustment that would ever be made is for impairment
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