Picnic Inc purchased the following assets from Anthill Corp. Anthill Carrying Value Inventory $450,000 Equipment $625,000 Patent $0 Fair Value $435,000 $680,000 $75,000 No liabilities were assumed in this purchase. Assume the assets will all be used in different parts of Picnic's business and do not work together as a group to yield economic benefits. A. Is this a business combination? Probably or probably not. B. At what amount would the assets be recorded in this scenario? a. Inventory b. Equipment c. Patent Now assume the assets represent a major operating segment of Anthill Corp. Several employees of Anthill are also hired by Picnic at this time to run a similar segment opening at Picnic Co. A. Is this a business combination? Probably or probably not. B. At what amount would the assets be recorded in this scenario? a. Inventory b. Equipment c. Patent