Alfa owns 70% of the shares of Beta. During the year X, Beta sells Alfa a plant
Fantastic news! We've Found the answer you've been seeking!
Question:
Alfa owns 70% of the shares of Beta. During the year X, Beta sells Alfa a plant for a total amount of 400. The historical cost of the non-current asset was 1.500, with an accumulated depreciation of 900. Usage value has been estimated to be 600. At 31/12/X, the plant is still on hand. Beta used to depreciate the plant evenly at a rate of 10%, while Alfa depreciates the same plant evenly at a rate of 20%.
What is the necessary consolidation entries?
Related Book For
Posted Date: