1. Discuss the accounting processes, calculations, and reason for these consolidation entries you have made for the Motor vehicle and all the related accounts, including Depreciation

30/06/2022	Accumulated depreciation - Motor vehicle	DR	30000
	Motor vehicle	CR	15000
	Deferred tax liability	CR	4500
	Business combination valuation reserve	CR	10500
30/06/2022	Depreciation expense - Motor Vehicle	DR	3000
	Retained earnings (1/7/21)	DR	3000
	Accumulated depreciation - Motor Vehicle	CR	6000
	($15000/5 p.a. for 2 years)

2. Bowie Ltd provided David Ltd with a loan for $425,000 in June 2021 with 15% interest rate annually. Explain the accounting processes, calculations and reason for these consolidation entries.

30/06/2022	Loan payable	DR	425000
	Loan receivable	CR	425000
30/06/2022	Interest Revenue	DR	63750
	Interest Expense	CR	63750
30/06/2022	Interest Payable	DR	63750
	Interest Receivable	CR	63750