MAP Ltd acquired a Machine from FAT Ltd for the following consideration: o Cash $65 000, o Land in the books of MAP Ltd the land is recorded at its cost of $750 000. It has a fair value of $700 000. MAP Ltd also agrees to assume the liability of the FAT Ltd bank loan of $95 000 as part of the Machine acquistion    Calculate the acquisition cost of the Machine Provide the journal entries that would appear in MAP Ltd.’s books to account for the acquisition of the Machine.

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Q: journal entry

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Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.