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Sorry i wasnt clear in my query ..the question i asked was relating to a) part where they say a fair value adjustment was brought to the book value of property identified in the net assets of teapot cos for Goodwill valuation.please tell me whether the matter that i suggested is right to be considered?
I’ve just found the question on the internet
Your post is not quite accurate enough as a copy of the question
Your post refers to “a fair value adjustment was brought to the book value of property” whereas the question refers to “a property”
If your extract had been an accurate copy of the question then I would have been hesitant to accept your earlier point as potentially valid
However, given the precise wording of the question in the examination then, yes, I could accept your point as valid – they should have ensured that all assets acquired were properly assessed for fair value (not just the properties!)
OK?
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