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please help On 1/1/2020 Company A acquired the net assets of Company B for a price of 181000 JD, the fair value of net assets
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On 1/1/2020 Company A acquired the net assets of Company B for a price of 181000 JD, the fair value of net assets of company B is 159000 JD. Company A also agreed to pay an additional 4000 JD if net income is higher than 70000 JD in year 1. On 1/1/2021 the fair value of unit is 197000 JD carrying value of net assets (excluding goodwill) 175000 JD fair value of net assets 177000 JD. Compute impairment lossStep by Step Solution
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