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Calculate the fair value of the identifiable net assets

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Question - Unity Limited acquired 100% of the share capital of Bellvista Limited. Bellvista had issued share capital of $200 000. The book values of Bellvista Limited's assets were: buildings $100 000, machinery $120 000. The fair values of these assets were: buildings $180 000, machinery $140 000. Calculate the fair value of the identifiable net assets?

a. 140,000

b. 240,000

c. 300,000

d. 390,000

Reference no: EM132576070

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