Assets Acquisition through business combination
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We have few Companies in the group. There is an amalgamtion happening between Parent Company and one of its subsidiaries. Parent Company uses SAP and Subsidiary uses another accounting system. We need to transfer all the assests and liabilities to the parent company. How can we record the Fixed assets of subsidiary compnay in parent company books? We need to record both Cost and Accumulated depreciation as it is in the parent company asset register.
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