LARSON, Justice.
The narrow question in this case is whether the purchase of 100% of the shares in a corporation constitutes an "acquisition" of the corporation's equipment and machinery for purposes of applying Iowa Code section 427B.17 (1993) (maximum valuation of thirty percent for certain property "acquired" after January 1, 1985). The district court ruled that the stock purchase qualified as an acquisition of the machinery and equipment, but we disagree.
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