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Hi John,
Stress acquired 100% of Full on 1/10/X7. On this day the fair value of land included within fulls NCA was $400000 greater than book value.
The question asked what the total amount for NCA is for the consol SFP. My uncertainty is, if the FV of land is already included in the accounts as at oct x7, why has the answer added on 400k?
They’ve produced fulls sfp as at 30/9/x9, but I understand the nca in here to include the 400000 increase from x7. Whereas the answer takes this 1.8m + 0.4m FV increase + stress NCA
I hope that makes sense.
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