Bargain Purchase

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Bargain Purchase

A purchase with a price lower than fair market value, or at least lower than competitors' prices. It is also called simply a bargain.
References in periodicals archive ?
The expectation is that the number of bargain purchases is limited and, as such, the first step is to reassess the recognition and valuation of the acquired assets and liabilities.
In the past year, the value of leading Irish banks have plummeted by 95 per cent making them bargain purchases for foreign investors.
However Savers, which still has around 20 stores in the North East, says 2008 is the start of its comeback, with consumers shifting to bargain purchases.
As such, auditors will pay more attention to the assessment of bargain purchases to ensure the fair values of tangible and intangible assets aren't overestimated.
PHIL McENTEE proved that there are still bargain purchases to be had, with Greek Theatre, bought for just 900 guineas, who made all to win the 1m handicap.
Such cases, referred to as bargain purchases, may result in a gain to the acquirer.
And bargain purchases are becoming a thing of the past for mid-range or struggling clubs, according to Dan Jones, director of the sports business group at Deloitte Touche.
And bargain purchases are becoming a thing of the past for mid-range or struggling clubs,according to Dan Jones,director of the sports business group at Deloitte Touche.
La Crosse affects all LIFO taxpayers that have made bargain purchases in prior years, regardless of whether the year is open or closed under the statute of limitations, or whether the issue has been previously raised on examination.
Arriving as long as 24 hours ahead of time, 55 law enforcement officers from all around were lined up Friday morning to get first choice at bargain purchases of government-repossessed homes.
See generally Turner & Maples, Inventory Acquisition and Dollar-Value LIFO - The Effect of Bargain Purchases, 44 Tax Executive 103 (1992).
Whether a company is downsizing, making bargain purchases or simply trying to remain fit in a cautious economy, CPAs can offer the analysis and insight necessary for decision making.