Question
Q1 Fair Value Measurement An entity acquired in a business combination a machine that is held and used in its operations. The machine was initially
Q1 Fair Value Measurement
An entity acquired in a business combination a machine that is held and
used in its operations. The machine was initially acquired from a supplier
and was then customised by the entity for its own use. The highest and best
use of the machine is in combination with other assets as a group.
Required:
Discuss about the valuation techniques that could be used to determine the
fair value of the machine and the level of inputs used for each possible
valuation technique, in accordance with AASB 13 Fair Value Measurement.
Please type your answer below:
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