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Reply from SAP_EZ on Jan 2 at 10:06 PM I agree with VidhyaDhar,
If the acquirer is a different legal entity, then whatever is paid for the asset plus any costs to place into operation (subject to country/GAAP rules) will be the APC cost.
The APC cost will then commence depreciation. No connection to prior owner's APC, net, or anything else.
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| | | ---------------Original Message---------------
From: ClaraYuen
Sent: Thursday, December 29, 2011 8:55 PM
Subject: Book the Cost and Depreciation of Fixed Asset Purchased
If we purchased fixed asset in acquisition from seller at their NBV, how should we book the cost and depreciation? Should we use the purchase price (which is the seller's NBV) to book the cost and start depreciation as new purchase? |
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