The amount at which the asset should appear in financial statements | ||
RM | ||
Brand (Youthful) | - | |
Land (Highlands) | 12,00,00,000.00 | |
Purifying and Bottling Plant | 9,00,00,000.00 | |
Inventories | 1,00,00,000.00 | |
22,00,00,000.00 |
Note 1: Brand Value of Youthful will be 0 as there is no goodwill/value left in the market.
On 1 January x4, Horatio acquired 100% of the issued share capital of Moss, whose activity...