Advanced Accounting 11th Edition by Paul Fischer,William Tayler, Rita Cheng

تمرين 13

(Note: The use of a financial calculator or Excel is suggested for this case.)
Modern Company acquires the net assets of Frontier Company for $ 1,300,000 on January 1, 2011. A business valuation consultant arrives at the price and deems it to be a good value.
Part A. The following list of fair values is provided to you by the consultant:
Using the information in the preceding table, confirm the accuracy of the present value calculations made for the building, patent, and mortgage payable.