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Pooling of interests vs Purchase: Recording of Equipment

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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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Solution Summary

This solution discusses how the cost of acquired equipment is recorded using the pooling of interests method and the purchase method of accounting.

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Pooling of interests accounting assumes that, upon purchase, the merged companies are one entity; therefore, ...

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