Fixed Asset Hive Up | AccountingWEB

Fixed Asset Hive Up



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



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Is there a minority interest?

Paulsoper |