Hi everyone,
If the assets acquired from the subsidiary were fair valued, what happens to the fair valued assets after acquisition at the Group level? what value do i reflect these assets at? Sub values or group fair values after acquisition?
Note: the accounting policy of PPE is at cost
PPE Fair value after acquisition
Re: PPE Fair value after acquisition
Do you mean 'assets acquired by the subsidiary'? If the group accounting policy is cost then present at cost... basically reverse the FV adjustments at group level.
Re: PPE Fair value after acquisition
or maybe with the subsidiary, i.e. through business combination?
or just a parent (or other group entity) acquires a single asset from another group entity?
or just a parent (or other group entity) acquires a single asset from another group entity?
Re: PPE Fair value after acquisition
a small word makes a big difference!