Question
xxx ltd acquired 100% of the issued capital of AAA LTD on 1 July 2017 at the date of acquisition all identifiable assets of AAA
xxx ltd acquired 100% of the issued capital of AAA LTD on 1 July 2017 at the date of acquisition all identifiable assets of AAA ltd were recorded at fair value except for.
Plant( cost $500,000) carrying amount 300,000 Fair value 350,000
The plant has a further useful life of 5 years with zero residual value. And the corporate tax rate is 30%
Prepare the BCVR required for plant at 30 june 2018. Explain why.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
To prepare the BCVR Before and After Consolidation Adjustment required for the plant at 30 June 2018 ...
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Step: 3
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Advanced Accounting
Authors: Gail Fayerman
1st Canadian Edition
9781118774113, 1118774116, 111803791X, 978-1118037911
