Pi SA buys listed shares, held for trading and measured at fair value through profit or loss (case assumption). The fair value at acquisition is 80,000; Pi pays 1,200 of directly attributable brokerage fees. Case convention: brokerage fees on an asset measured at FVTPL are expensed in the period. Record the acquisition entry.
- Fair value at acquisition
- 80,000
- Brokerage fees
- 1,200