Valuation techniques and inputs used  LO3 An entity acquired a machine in a business combination that is held and used in its operations. The machine was initially acquired from a supplier and was then customised by the entity for use in its own operations. The highest and best use of the machine is its use in combination with other assets as a group. The valuation premise is then ‘in‐combination’. Required 1. What two valuation techniques could be used to determine the fair value of the machine? 2. What would be the level of the inputs to the two valuation techniques?