Consequential depreciation adjustments in relation to assets that were the subject of an upward business combination valuation adjustment must be taken into account when calculating the NCI share of post-acquisition movements in the subsidiary's equity.

Question

Quizplus · Accepted Answer

Consequential depreciation adjustments are required to be taken into account when calculating the NCI share of post-acquisition movements in the subsidiary's equity, especially in the case of upward business combination valuation adjustment. Therefore, the statement is true.

Consequential Depreciation Adjustments in Relation to Assets That Were the Subject