Meta Platforms, Inc. (formerly known as Facebook, Inc) paid $1,000,000,000 to purchase all of Instagram's assets and assumed abilities of S70,000,000. The acquired assets were appraised at a fair value of $200,000,000 Fil in the account name for the following Journal Entry Account Debit 3870,000,000 Credit $200,000,000 $71.000.000 $1.000,00