Book Value Fair Value Life Cash, receivables $100,000 $100,000 Equipment
Posted: Sat Feb 19, 2022 2:33 pm
Book
Value Fair
Value Life
Cash,
receivables
$100,000
$100,000
Equipment
375,000
450,000 3
years
Land
200,000
150,000
Building
(net)
500,000
580,000 5 years
Payables
$300,000
$200,000
1 year
Blackfish Net Assets
$875,000
$1,080,000
Blackfish uses the equity method, as required.
Value Fair
Value Life
Cash,
receivables
$100,000
$100,000
Equipment
375,000
450,000 3
years
Land
200,000
150,000
Building
(net)
500,000
580,000 5 years
Payables
$300,000
$200,000
1 year
Blackfish Net Assets
$875,000
$1,080,000
Blackfish uses the equity method, as required.