Under purchase accounting,the acquired assets must be written up or written down if the purchase price does not equal net asset value.

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Taylor Leicht · Accepted Answer

Final Answer : True, Explanation :  Under purchase accounting, the acquired assets must be written up or written down if the purchase price does not equal net asset value. This is done to reflect the fair market value of the assets at the time of acquisition.

Under purchase accounting,the acquired assets must be written up or written down if the purchase price does not equal net asset value.

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