50c slump sale
This query is : Resolved
19 June 2013
What is the value of depreciable asset to be considered in the hands of purchaser at the time of slump sale.
19 June 2013
In case of slump sale entire unit is sold at a lumps up price. The purchaser has to record the assets in proportion to their fair market value.
.
(FMV of the Asset/ Total FMV of the unit) x Slump Sale consideration paid
.
FMV can be obtained from Valuation Experts.
.
.
(FMV of the Asset/ Total FMV of the unit) x Slump Sale consideration paid
.
FMV can be obtained from Valuation Experts.
.
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