group -unrealized profit -non current asset

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May 25, 2021 at 1:44 pm #621740
prakasa@123
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hi,
for example parent sold ppe to subsidiary for 25000 ,carrying value of PPE is 20000 and remaining useful life of 5 year .here the unrealized profit is 5000 and depreciation on this will be 1000.
how to adjust the depreciation in retained earnings and will it have any impact on NCI.

thank you.
May 29, 2021 at 8:22 am #622117
P2-D2
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- Topics: 4
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Hi,

As the parent sold to the subsidiary then all the adjustments will be made in the parent’s books and therefore there will be no impact on the NCI.

Thanks
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