Question: In March 2 0 1 2 , the final estimated fair value of the acquired plant assets is ( $ 7 0 0

In March 2012, the final estimated fair value of the acquired plant assets is \(\$ 700,000\) with no change in the estimate of useful life or salvage value. 1. Prepare any journal entries required in March 2012.2. Prepare the revised balance sheet and income statement for 2011 that will be included in the 2012 comparative statements. In March 2012, the final estimated fair value of the acquired plant assets is \(\$ 700,000\) with no change in the estimate of useful life or salvage value. 1. Prepare any journal entries required in March 2012.2. Prepare the revised balance sheet and income statement for 2011 that will be included in the 2012 comparative statements.
In March 2 0 1 2 , the final estimated fair value

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