I am wondering if someone can urgently assist I am working on a scenario for example:
In March 201x, Dimension Ltd acquired 70% of the share capital of DataComms Limited, a company that specializes in designing and developing economical printing machines. Goodwill of £3,700,000 arose as a result of this business combination."
It then has Research costs over a 5 month period & Development & Productions costs at the end of the 5 months with Orders 2 months later. and finite life of 4 years before a new machine needs to be developed.
Customer List of a certain value with a useful economic life of a few years and staff training costs with potential profit costs.
My question is why can I not work out the carrying value as my head says I need either a consideration amount or carrying amount. This is part of a write up so I will not lose a lot of marks for incorrect answers but I am just struggling with a basic calculation it seems. I have done all my other questions but cannot work this one out.
Thank you
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Intangible Assets with only share value percentage and Goodwill Value
Hi,
What carrying value are you referring to? Also, what are you talking about when you mention this as part of a write up?
Thanks
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