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Salidou Ltd acquired all the shares of Chocolat Ltd on 1 July 2018. All the net assets of Chocolat Ltd were at fair value at

Salidou Ltd acquired all the shares of Chocolat Ltd on 1 July 2018. All the net assets of Chocolat Ltd were at fair value at the date of acquisition except for an equipment, which was below its fair value. The remaining useful life of the equipment is 5 years. At 30 June 2023, depreciation expense will need to be debited.

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