How should osborne record the cost of the assets

Reference no: EM133659798

Question: Osborne Company acquired three machines in a package deal for an amount less than the combined fair value of the assets. How should Osborne record the cost of the assets on its books? At the individual fair values of the assets as of the date of the sale At the purchase price allocated to the individual assets based on their relative fair values as of the date of the sale

Reference no: EM133659798

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