Alpha Company acquired Beta Company on the first of July 2018 for $100 000. 

 

At the date of acquisition, Beta Company had the following assets and liabilities:

	Carrying Amount $	Recoverable Amount $	Fair Value $
Assets
Land	100 000	130 000	150 000
Machinery	50 000	30 000	40 000
Cash	20 000
Liabilities
Loan	105 000
Contingent Liabilities	80 000

 

Required

What is the amount (if any) of the goodwill on acquisition of the subsidiary, 1 July 2018?