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C On 1 June 2020 Pam acquired 80% of the equity share capital of Scott. At the date of acquisition, the fair values of

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C On 1 June 2020 Pam acquired 80% of the equity share capital of Scott. At the date of acquisition, the fair values of Scott's net assets were equal to their carrying amounts with the exception of its property. This had a fair value of 1.2 million above its carrying amount. The property had a remaining useful life of eight years. The adjustment in respect of the property to be included in group retained earnings at 30 September 2020 is Blank 1. Blank 1 Add your answer

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