All the identifieble net assets of Ricky Led were stated at fair value at the date of acquisition except for a building whose carrying value was $50 000 less then the fair value. Goodwill arising on Berardo's acquisition of Ricky was?

On 1 July 20X8 Berardo Ltd acquired 25% of the ordinary issued share capital of Ricky Ltd $375 000. This investment gave rise to significant influence. The share capital and reserves of Ricky Ltd at 1 July 20X8 were: for S 400 000 Share capital General reserve Retained earnings 250 000 275 000 525 000