Solved: Equipment obtained in a business combination, Accounting Basics

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Equipment obtained in a business combination

Question: How would equipment obtained a business combination have been recorded under each of the following methods:

Pooling of Interests    Purchase

a) Recorded value    Recorded value
b) Recorded value    Fair Value
c) Fair Value            Fair Value
d) Fair Value            Recorded value

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Accounting Basics: Equipment obtained in a business combination

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Accounting Basics: Equipment obtained in a business combination

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