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At what amount should the vehicles be recorded

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Question - DFE Enterprises purchased a small delivery business for $900,000 (GST exclusive). The fair values of the individual assets acquired (GST exclusive) were as follows:

Building $150,000

Land $600,000

Vehicles $250,000

Required - At what amount should the vehicles be recorded by DFE Enterprises?

Reference no: EM133113747

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