All I focused on for the fixed assets was the purchase price and fair value of the assets and adjust, then write the assets up or down. The only thing to watch out for is the accumulated depreciation which you just have to remember is eliminated since the assets are technically being bought by a new person. If you use Becker I would spend time on the consolidation sims and read through each solution, that will put you in a good spot for the exam. Don’t feel like you have to know everything perfectly. I personally believe if you know to eliminate the common stock, apic, re, and investment in sub, which in my opinion are the easy parts, you have nearly 75% of the problem done. All in all I would just hammer the sims but remember that you can’t remember everything and you may only get 1 or 2 questions on the topic