Modern Tech, S$.$A$.$ is a Portuguese company based in Braga focused on the development and

trading of electronic equipment. Modern Tech is analysing a potential target in the same industry,

Eco Tech, Ltd$,$ which has been specialising itself in the development and trading of microchips

considered strategic for the development of Modern Tech's business. The due diligence process

identified the following points in the financial statements of Eco Tech as of $31$st December $2022$:

a$)$ Eco Tech's current facilities were bought in January $2010$ for $800,000$ with a salvage $($residual$)$

value of $100,000$ and a useful life of $20$ years. The current market value of the facilities amounts

to $310,000(360,000$ as of December $31,2021).$ Eco Tech depreciates the facilities using the

straight$-$line method and has not recognized any impairment in the financial statements relating

to these facilities.

b$)$ At the end of $2022,$ the company invoiced and recognized as revenue, $120,000$ relating to

microchips ordered by a new Spanish customer. The order was received by the end of Novem$-$

ber $2022$ and the delivery should be made during the second half of January $2023.$ All the con$-$

ditions and delivery dates were assured by Eco Tech, with a $20\%$ margin over the purchase price.

For the delivery of the order in January $2023,$ the company contracted a Spanish transporter to

collect the goods in January directly from Eco Tech's facilities.

c$)$ Eco Tech has a gross value of intangible assets as of December $31,2022$ of $1,800,000$

as of December $31,2021$