At acquisition date, all the identifiable assets and liabilities of Stirling Ltd were recorded at...
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Accounting
At acquisition date, all the identifiable assets and liabilities of Stirling Ltd were recorded at amounts equal to fair value except for:
Carrying Fair
Amount Value
Inventory $38 000 $42 000
Equipment (cost $210 000) 162 000 177 000
Manufacturing Licence 100 000 120 000
Packing Plant (cost $60 000) 40 000 34 000
How should i write the acquisition analysis for the packing plant? And the BCVR journal entries ?
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