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So do I. Next time I should multiply 1.8 by number of marks each question offers to deal with the exam time pressure better.
Yes, calculation is required in question 1 only.
Lol I though too much on question 1, My mind was that the information about the price of patent is tricky and I should not adjust for that because the fair value reflects the price that would be received to sell an asset or paid to settle a liability “between market participants” in an orderly transaction at measurement date. This is not between market participants as the potential buyer is the competitor and the acquirer does not intend to sell it as well, so that the price would be unfair value.
Hope to pass at 50%.In question 1, Do I need to adjust the value of the intangible assets of the acquiree (not the PPE) for net assets calculation? I didn’t adjust that because I thought the price for which is expected to sell to competitor is not really reliable and the acquirer not intending to sell the intangible asset after acquisition consolidate my opinion. Not really sure.