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Avery compasny acquired the net assests of lowa company on june 1 , 2 0 x 1 . the net assets acquired include palnt assets
Avery compasny acquired the net assests of lowa company on june x the net assets acquired include palnt assets that are provisionally estimated to have a fair value of $ with a yaer usable life and no salvage value. the equipment was provisiona;;y estimated to have a fair value of $ with a yaer usable life and no salvage value. at the end of x Avery prepared the follwoung statements in March x the final estimated fair value of the acquired palnt asset is $ with no change in the estimate of useful life or salvage value. Prepare any journal entries required in march x Prepare the revised balancesheet and income statement for x that will be included in the x comparative statements.
Avery compasny acquired the net assests of lowa company on june x the net assets acquired include palnt assets that are provisionally estimated to have a fair value of $ with a yaer usable life and no salvage value. the equipment was provisiona;;y estimated to have a fair value of $ with a yaer usable life and no salvage value. at the end of x Avery prepared the follwoung statements in March x the final estimated fair value of the acquired palnt asset is $ with no change in the estimate of useful life or salvage value. Prepare any journal entries required in march x Prepare the revised balancesheet and income statement for x that will be included in the x comparative statements.
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