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A question by the name of Memo is included in bpp… it has a impairment of goodwill of CR currency so its value is CR 4.2 at what rate it will be converted at dollar for goodwill at DOA and also for Y/E
this question also has the cost of investment in currency CR what rates will be used for goodwill cal at DOA and Y/E?
Goodwill is an asset of the subsidiary and, like all assets and liabilities of the subsidiary, it is converted at closing rate.
But, of course, closing rate varies from last year to this year and the asset therefore needs to be recalculated each year
Cost of acquisition in a foreign currency (I presume that’s what your question means) again needs to be translated at closing rate
Ok?
and what about impairment if it given in foreign currency as it occurs at y/e should it be converted at closing rate for goodwill calculated at y/e and what about goodwill at DOA it also includes impairment fig what rate this will be converted ?
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