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how to solve FAIR VALUE REMAIN UNCHANGED?

Forums › ACCA Forums › ACCA FR Financial Reporting Forums › how to solve FAIR VALUE REMAIN UNCHANGED?

  • This topic has 0 replies, 1 voice, and was last updated 7 years ago by ahpong123.
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  • September 2, 2018 at 1:43 pm #470824
    ahpong123
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    How do i record this is Goodwill and Consolidated profit or loss

    Wharfline own the registration of a popular internet domain by the name ”E-Wharf.com”. The registration, which had a negligible cost, has a remaining useful life of five years at 1 july 15, and is renewable indefinitely at a nominal cost. At july 1 15, the internet domain name was valued at RM 20M by an internet domain specialist. The fair value of the domain name has remained unchanged as at 31 dec 15

    Anything from associate should not included in Consolidated SPL ?
    like dividend from associate and interco sale with associate

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