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What is amount of business combination valuation reserve

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Reference no: EM133025529

Question - When Wayne Ltd acquired 100% of the share capital of Carol Ltd, the carrying amount of Carol Ltd's machinery was $200,000. The fair value of the machinery on acquisition date was $160,000. What is the amount of the business combination valuation reserve that will be recognised on consolidation?

A. $40,000

B. $12,000

C. $28,000

D. $160,000

Reference no: EM133025529

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