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Please explain this sentence Purchase price: The purchase price is the basic cost of the asset. Acquisition involves considerations such as other non-current assets, other
Please explain this sentence
Purchase price:
The purchase price is the basic cost of the asset.
Acquisition involves considerations such as other non-current assets, other than cash and cash equivalent:
the entity should remeasure the transferred assets to their fair values as at the acquisition date.
Acquisition of multiple assets:
record at cost, allocating the cost of the bundle of assets over the individual assets acquired in proportion to their fair values.
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