Reflect the fair market value of the assets at the time

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Reference no: EM133611509

Question: In a purchase of shares, if the purchase price reflects the goodwill related to the business, the undepreciated capital cost (UCC) and cost base of the assets within the corporation can be increased by this goodwill amount to reflect the fair market value of the assets at the time of purchase.

Reference no: EM133611509

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