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On 1 July 2020, P Ltd acquired 80% of the issued ordinary shares of S...

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Accounting

On 1 July 2020, P Ltd acquired 80% of the issued ordinary shares of S Ltd. At that date, the plant of S Ltd, with a cost price of N$250,000 and a carrying amount of N$150,00, was revalued at N$200,000. At that stage, P Ltd also confirmed the original estimated useful life of the plant as 10 years. Required Provide the consolidated journal entries for 31 December 2022 financial year

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