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Question 12 sir I am surprised why I can not arrive at the same answer
NCI value 1.1m
Dep. (50)
Purp. (550)
= $500 + ( 30% * 3.2m) = 500+960= $1,460,000Answer : was $1,880,000
NCI = 1.1
Profit 3200- 50(dep) – 550 (purp)= 2600 * 30%=760
Total NCI on consolidation of FSP = 760+1.1=1,880,000.Why are you deducting the pp and the depreciation from the brought forward figure?
Surely the 59 and the 550 should be deducted from the profit for the year (3,200) to give an adjusted profit for the year of 2,600
30% * 2,600 = 780
Add that to the nci value as at date of acquisition $1.1 and you arrive at $1,880
OK?
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