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Please could you explain. On 1dec2008 k bought 80% of s paying 140000 cash.on the 1dec2008 a piece of plant with a carrying value of 30000 had a fair value of 48000. K’s prop plant and equip balance was 138000 ans s’s balance was 115000.what is the correct figure for prop plant and equip in the group statement of financial position?
Ans 271000
Thanks
The correct figure in the consolidated statement is:
138000 (K) + 115000 (S) + 18000 (Fair value adjustment of 48000 – 30000) = 271.000
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