Company A acquired company B mid year in oct 22 from Company C
In Company B balance of computer as on 31.03.22 is Rs 12000 (this asset is still with company C)
what shall be the treatment of the above asset in Company A books for FY 22-23
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Acquisition of company
Replies (1)
If the computer was part of an acquired business, record it at its fair value on the date of acquisition. Begin depreciating it in Company A's books only from the date control was transferred (October 2022). If the asset was not actually transferred to your company, do not record it in your books as a fixed asset.
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