710 440 31.5 1,118.5 Inventories Investment in Rachel Lid 850 0 b 850 0 Loan to Ross Ltd 0 200 200 0 Land 720 250 90 1,060 1,500 780 2.280 (814) (320) (494) 850 50 1 Buildings Accumulated depreciation Plant and equipment Accumulated depreciation Goodwill (net) Deferred tax asset 1,350 (235) (210) 30 1 120 (535) 117 blic 40 77 30.45 g1 9 Total assets 21.45 4,829.95 4,300 1,368 87 198 292 50 30 312 Less liabilities Current taxes payable Accounts payable Dividend payable Loan from Rachel Ltd Mortgage loan Deferred tax liabilities 140 75 75 140 200 0 200 0 1.453 401 1.854 90 0 27 117 Ner assets 2,014 955 2,315.95 2315.95 2,208.95 What does the $50 debit (Dr) adjustment to plant and equipment most likely represent? Consolidation adjustment to eliminate an unrealised prior year profit on sale of intragroup plant. o Consolidation adjustment to recognise the fair value increment on the plant and equipment at the date of acquisition: Consolidation adjustment to eliminate the fair value increment on the plant and equipment at the date of acquisition Consolidation adjustment to eliminate an unrealised current year profit on sale of intragroup profit of the plant and equipment