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At acquisition date all the identifiable assets and


At acquisition date, all the identifiable assets and liabilities of Sterling Ltd were recorded at amounts equal to fair value except for:

                                                                        Carrying                          Fair

                                                                        Amount                       Value

          Inventory                                                    $38 000                    $42 000

          Equipment (cost $210 000)                        162 000                    177 000

          Manufacturing Licence                              100 000                    120 000

          Packing Plant (cost $60 000)                        40 000                      34 000

How should i write the acquisition analysis for the packing plant? And the BCVR journal entries?

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Financial Accounting: At acquisition date all the identifiable assets and
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