Intercompany Profit

Transactions- PLANT ASSETS

 Dampak Terhdap Pencatatan Entitas
Induk Jurnal Eliminasi
Transaksi penjualan aset tetap antara entitas induk
dan anak dapat menghasilkan keuntungan atau
kerugian jika penjualan tidak pada nilai buku.
Keuntungan atau kerugian tersebut belum
terealisasi selama aset tersebut masih dimiliki oleh
entitas induk atau entitas anak.

Keuntungan atau kerugian

yang belum terealisasi ELIMINASI
PENGAKUAN KEUNTUNGAN

ASET TETAP

TIDAK
DISUSUTKAN
DISUSUTKAN

Pengakuan
Keuntungan
Terjual /
Terjual
Digunakan
ILUSTRASI
INDUK ANAK

Rp 500.000.000 Rp 600.000.000 Rp 700.000.000

Keuntungan = Rp 100.000.000 Keuntungan = Rp 100.000.000

Total Keuntungan = Rp 200.000.000

Notes:
Keuntungan baru diakui pada saat aset terjual ke pihak ke-3, jika
belum maka akan di lakukan jurnal eliminasi
Downstream Sale of Land

San Corporation is a 90 percent-owned subsidiary of Pak Corporation,

acquired for $270,000 on January 1, 2015. Investment cost was equal to
book value and fair value of the interest acquired. San’s net income for
2015 was $70,000, and Pak’s income, excluding its income from San,
was $90,000. Pak’s income includes a $10,000 unrealized gain on land
that cost $40,000 and was sold to San for $50,000. Accordingly, Pak
makes the following entries in accounting for its investment in San at
December 31, 2015:
Investment in San 63000
Income from San 63000
To record 90of san's $70.000 reported net income

Income from San 10.000

Investment in San 10.000
To eliminate unrealized progit on land sold to San
 a. Gain on sale of Land 10.000
Land 10.000
To eliminate gain on intercompany sale of land and reduce land
to its cost basis

YEARS SUBSEQUENT TO INTERCOMPANY SALE Here is the

adjustment to reduce land to its cost to the consolidated entity in years
subsequent to the year of the intercompany downstream sale:

Investment in San 10.000

Land 10.000
To reduce land to its cost basis and adjust the investment account to
establish reciprocity with San’s equity account at the beginning of
the period.
INTERCOMPANY PROFITS ON DEPRECIBLE PLANT ASSETS

Downstream Sales of Deprecible Plant Assets

Upstream Sales of Deprecible Plant Assets
2011: Year of Sale (In Thousands)
2012: First Subsequent Year (in Thousand)
Effect of Upstream Sale on Subsequent Years
Exercise:
Fir Corporation acquired a 90% interest in Jons Corporation on January 1, 2015.
Income data from the records of Fir Corporation and Jons Corporation, for 2015
through 2018 follow ($):
2015 2016 2017 2018
Fir's separate income 310.000 340.000 315.000 290.000
Jons's net income 135.000 120.000 140.000 160.000
On July 1, 2015, Jons sold land that cost $30,000 to Fir for $38,000. This land
was resold by Fir for $35,000 in 2018. Fir sold machinery to Jons for $110,000
on January 2, 2016. This machinery had a book value of $90,000 at the time of
sale and is being depreciated by Jons at the rate of $10,000 per year. Remain of
use machinary is 5 year. Fir’s December 31, 2017, inventory included $12,000
unrealized profit on merchandise acquired from Jons during 2017. This
merchandise was sold by Fir during 2018.
Required:
Prepare a schedule to calculate the consolidated net income of Fir Corporation
and Subsidiary for each of the years 2015, 2016, 2017, and 2018.