Jaya pala €3 400,000 to acquire all of the ordinary shares of PT Hamida, which is a division of PT Ana Jaya, PT Hamida reports the following statement of financial position at the time of acquisition Non-current assets Current assets €2,700,000 900,000 struction o Equity Non-current liabilities Current liabilities Total equity and liabilities Total assets At the date of purchase it was determined that the fair value of the net identifiable assets of PT Hamida was €2,800,000. On December 31, 2019, PT Hamida reported the following statement of financial position information. Current assets € 800.000 Non-current assets (including goodwill recognized in purchase) 2,400,000 Current liabilities €3.600.000 Non-current liabilities Net assets has been determined that the recoverable amount of the Hamida division is €2,100,000. €2,500,000 500,000 600.000 £3.600.000 (700,000) (500,000) €2.000.000
Jaya pala €3 400,000 to acquire all of the ordinary shares of PT Hamida, which is a division of PT Ana Jaya, PT Hamida reports the following statement of financial position at the time of acquisition Non-current assets Current assets €2,700,000 900,000 struction o Equity Non-current liabilities Current liabilities Total equity and liabilities Total assets At the date of purchase it was determined that the fair value of the net identifiable assets of PT Hamida was €2,800,000. On December 31, 2019, PT Hamida reported the following statement of financial position information. Current assets € 800.000 Non-current assets (including goodwill recognized in purchase) 2,400,000 Current liabilities €3.600.000 Non-current liabilities Net assets has been determined that the recoverable amount of the Hamida division is €2,100,000. €2,500,000 500,000 600.000 £3.600.000 (700,000) (500,000) €2.000.000
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
ChapterA2: Investments
Section: Chapter Questions
Problem 30E
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Questions 1
PT Sarmah obtained a patent in January 2019, at a cost of $ 200,000,000. Estimated useful life 8 year. The company incurred additional costs related to this patent in January 2020, amounting to $ 20,000,000 At the end of 2021 there was an economic downturn due to the pandemic, and a test for impairment of the fair value of int assets was carried out according to an independent appraiser, the recoverable value of the patent is $ 24,000,000.
Instructions:
Prepare journals at the end of 2019 to 2021
Questions number 2 in image
Please answers type not handwriting, thank you
the book I use: Intermediate Accounting, Kieso, ifrs Edition, Fourth Edition
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