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Company X decided to buy some assets from the heater company, Company Y, for $100,000.00 Company Y is in the process of liquidation. The assets
Company X decided to buy some assets from the heater company,
Company Y, for $100,000.00
Company Y is in the process of liquidation. The assets sold are as follows:
|
| Book Value | Fair Value |
| Supplies | $45,000 | $40,000 |
| soil | $20,000 | $25,000 |
| building | $45,000 | $60,000 |
|
| $110,000 | $125,000 |
Asked
Calculate the cost of each asset that must be recorded by Company X !
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