Tazer Co, a parent company, acquired Lowdown Co, an unincorporated entity, for $2.8 million. A fair value exercise performed on Lowdown Co's net assets at the date of purchase showed: $'000 Property, plant and equipment 3,000 Identifiable intangible asset 500 Inventories 300 Trade receivables less payables 200 4,000 How should the purchase of Lowdown be reflected in Tazer Co's consolidated statement of financial position?

A. Record the net assets at their values shown above and credit profit or loss with $1.2 million
B. Record the net assets at their values shown above and credit Tazer Co's consolidated goodwill with $1.2 million
C. Write off the intangible asset ($500,000), record the remaining net assets at their values shown above and credit profit or loss with $700,000
D. Record the purchase as a financial asset investment at $2.8 million