xxx ltd acquired 100% of the issued capital of AAA LTD on 1 July 2017 at the date of acquisition all identifiable assets of AAA ltd were recorded at fair value except for.

Plant( cost $500,000) carrying amount 300,000 Fair value 350,000

The plant has a further useful life of 5 years with zero residual value. And the corporate tax rate is 30%

Prepare the BCVR required for plant at 30 june 2018. Explain why.

Answer rating: 100% (QA)

To prepare the BCVR Before and After Consolidation Adjustment required for the plant at 30 June 2018 ... View the full answer