Fixed Asset Hive Up

Hi,

 

We hived up the assets of two subsiduary companies into the holding company and I would like to know what value to transfer the assets at. For example If an asset had a cost of £300k and we had depreciated by £100k in the subsiduary giving an NBV of £200k. Do we debit the asset account with £200k or do we debit the asset account with £300k and credit depreciation for £100k in the holding company?

 

Many Thanks

 

Steve  

Comments
There is 1 comment. Login or register to view it.

Is there a minority interest?

Paulsoper |