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Bobby Ltd acquired the following assets (defined as a business)from Sponge Ltd: Accounts receivable (Carrying amount: $15,000;Fair Value: $14,000), Equipment (Carrying amount: $90,000; FairValue: $

Bobby Ltd acquired the following assets (defined as a business)from Sponge Ltd: Accounts receivable (Carrying amount: $15,000;Fair Value: $14,000), Equipment (Carrying amount: $90,000; FairValue: $ 1 answer

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