1. Grand acquire 80 % of National for $ 25 million. At the acquisition date the fair value of net assets was 21 million. The total amount of acquired assets $ 31,25 million. Required. Calculate the amount of goodwill aroused in consolidated Grand's financial statements. 2. In the year ending 31.03.2020 an entity Bungle made an accounting profit of $ 60 000. Profit included $ 4 500 of political donation paid and $ 4 000 of income exempt from taxation. Bungle has $ 10 000 of plant and machinery which was acquired on 01.04.2018 and purchased a new machine costing $ 5 000 on 01.04.2019. All plant and machinery is depreciated in the accounts at 10% on cost. Tax depreciation rates on plant and machinery are 20 % reducing balance. Bungle also has a building that cost $ 100 000 on 01.04.2018 and is depreciated in the accounts at 4 % on a straight basis. Tax depreciation is calculated at 3 % on a straight line basis. Required. Calculate the total accounting depreciation for the year ended 31.03.2020