On January 1, 2022. Parade Inc., a listed company at Toronto Stock Exchange, acquired 90% of Starboy Ltd, a healthcare start-up company loated at Paris, France, for 18,000. Parade and Starboy are relatively independent from each other on production process, financing, and sales, and the functional currency of Starboy is Euro (). On the acquisition date, the carrying value of Starboy's net asset is 13,650. The fair value adjustment for plant and equipment is 2,000, with a remaining useful life of 10 years. The purchase price also include 3,000 fair value of an unrecorded patent with a remaining useful life of 5 years. During the year 2022, the acquisition goodwill is assessed to have an impairment loss of Euro 300 that occurred evently throughout 2022. At the year-end of 2022, the financial statement of Parade (in Canadian dollar $) and Starboy (in Euro ) are shown below: