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hello mike, just a few questions, in consolidation on acqN date. a plant was 3000 below its Carry value, and remaining life of 3 years. Would we charge dep to post acq period..? should there be additional depreciation in income sense…
also if an asset is transfered to held for sale, and revaluation done alongside, would it be treated in income statement or Other Comp. income?
For the first Q, I suppose you should just include a negative value of 3000 for FV adjustment, thus increasing the goodwill. For the post-acq period, the profit would increased by 1000 per year because of the FV movement.
For Q2, if the revaluation done before the recognition, i suppose you should account it under IAS 36 so treated in OCI. Are these questions in this sitting. Kind of complex. ==
Hi 3plex – thanks for answering CaptMario’s question.
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