You are required to ; 1- Find the assignment question (a Word file) and read it carefully 2- Provide"Acquisition Analysis" 3- Provide"Business Combination Valuation"worksheet adjustmentjournals...

1- Acquisition Analysis at 30 June 2018.
At 1 June 2018:
Net fair value of identifiable assets
and liabilities of Darren Ltd            = ($54 000 + $36 000 + $18 000) (equity)
                         + $1 500 (1 – 30%) (plant)
                         + $2 000 (1 – 30%) (inventory)
                        = $110,450
Consideration transferred            = $110,000
Gain on bargain purchase            =$450
2- Worksheet Adjustment journal entries at 30 June 2018.
1. Business combination valuation entries
    Accumulated depreciation    Dr    7,500
        Plant & machinery    Cr        6,000
        Deferred tax liability    Cr        450
        Business combination valuation reserve    Cr        1,050
    Depreciation expense    Dr    300
        Accumulated depreciation    Cr        300
        (1/5 x $1 500)
    Deferred tax liability    Dr    90
        Income tax expense    Cr        90
        (30% x $300)
    Cost of sales    Dr    1,800
        Income tax expense    Cr        540
        Transfer from business combination    Cr     1,260
        valuation reserve            
    Inventory    Dr    200
        Deferred tax...