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Which of the following is the appropriate basis for valuing fixed assets acquired in a business combination accounted for as a purchase carried out by

Which of the following is the appropriate basis for valuing fixed assets acquired in a business combination accounted for as a purchase carried out by exchanging cash for common stock?

a. Hisioric cost.

b. Book value.

c. Cost plus any excess of purchase price over book value of asset acquired.

d. Fair value.

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