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What the fair value of the identifiable net assets is

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Problem 1: 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. The tax rate is 30%. The fair value of the identifiable net assets is?

Select one:

a. $220 000.
b. $263 000.
c. $320 000.
d. $270 000.

Reference no: EM132840705

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