Essay On Net Assets Of P760,000

Bshs Case Study Essay Preview: Bshs Case Study Report this essay Problem:On January 1, 2014, Acosta, Inc. reports net assets of P760,000 although (equipment with a four-year life) having a book value of P440,000 is worth P500,000 and unrecorded patent is valued at P45,000. EdimerCorporation pays P692,000 on that date for an 80 percent ownership.