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Hi!
Could you please explain how do we adjust the unrealized profit when Non- Current Assets are sold between group companies as I’m not able to understand that part.Hi,
Yes, you remove the profit on sale and then make an adjustment for any difference in depreciation.
I’d not get too concerned with it as it rarely appears in the exam and when it does then it is the hardest part of the question. I’d therefore focus your attention elsewhere.
Thanks
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