An investment in an associate or joint venture is accounted for using the equity method from the date on which it becomes an associate or joint venture. On acquisition of the investment, how is any difference between the cost of the investment and the entity's share of the net fair value of the investee's identifiable assets and liabilities accounted for?

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The Answer of An investment in an associate or joint venture is accounted for using the equity method from the date on which it becomes an associate or joint venture. On acquisition of the investment, how is any difference between the cost of the investment and the entity's share of the net fair value of the investee's identifiable assets and liabilities accounted for?

An Investment in an Associate or Joint Venture Is Accounted