Multiple Choice
A Ltd holds a 60% interest in B Ltd. On 1 July 2017 B Ltd transferred a depreciable non-current asset to A Ltd at a profit of $5 000. The remaining useful life of the asset at the date of transfer was 4 years and the tax rate is 30%. The impact of the above transaction on the NCI for the year ended 30 June 2019 is:
A) an increase of $700.
B) a decrease of $700.
C) an increase of $1 750.
D) a decrease of $1 750.
Correct Answer:
Verified
Correct Answer:
Verified
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