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Determine the fair value of the identifiable net assets

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Question - 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%. Determine the fair value of the identifiable net assets?

a. $320 000

b. $270 000

c. $200 000

d. $220 000

Reference no: EM132845257

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