What is the amount of the business combination valuation

Reference no: EM133475199

Question: When Wayne Ltd acquired 100% of the share capital of Carol Ltd, the carrying amount of Carol Ltd's machinery was $200,000. The fair value of the machinery on acquisition date was $160,000. The company tax rate was 30%. What is the amount of the business combination valuation reserve that will be recognised on consolidation?

Reference no: EM133475199

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