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When a company buys more than 50% of shares of another company then there is a difference between the investment costs and the book value

When a company buys more than 50% of shares of another company then there is a difference between the investment costs and the book value of net assets acquired. Somehow, the difference is caused by overvalued/undervalued land.
Do we have to amortize the land to investment in year one or not?

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