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What is the amount of business combination valuation reserve

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Question - Kippy Ltd acquired 100% of the share capital of Downs Ltd when the carrying value of Downs Ltd's plant and machinery was $564 000. The fair value of the plant on acquisition date was $610 000. The company tax rate was 30%. What is the amount of the business combination valuation reserve that must be recognised on consolidation?

Reference no: EM133038693

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