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Calculate any goodwill arising on acquisition of sa

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Point 1: Hx acquired 100% of SA's equity shares on 1 July 2010 for R342000. On 1 July 2010 the property plant and equipment of SA had a fair value of R350000 and a book value of R325000. All other assets and liabilities had a fair value of approximately equal to their book value.

Point 2: SA had 200000 R1 equity share in issue and at 1 July 2010 its reserves comprised share premium of R40000 and retained earning of R62000.

Question 1: Calculate any goodwill arising on acquisition of SA.

Reference no: EM132543808

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