Where a subsidiary records a gain on the intragroup sale of a non-current depreciable asset to another entity within the group, NCI adjustments are required in relation to both the gain on sale as well as the consequential depreciation adjustments resulting from the group's continued use of the asset.

Question

Quizplus · Accepted Answer

NCI adjustments are required to reflect the portion of the gain and the depreciation adjustments that apply to the non-controlling interest in the subsidiary.

Where a Subsidiary Records a Gain on the Intragroup Sale