exchange for 5,400 shares having a fair value of TZS 120,600,000/= on that day. Management elects the option to measure non-controlling interest at fair value and a value of TZS 13,400,000/= is assigned to the 10% non-controlling interest (NCI) [(TZS 120,600,000/.90) 10\% = TZS 13,400,000/=]. The following shows the financial positions of the companies before business combination at January 1, 2021. Alto Ltd and Bass Ltd Statements of Financial Position as at January 1, 2021 thefhro nomhinntion The equipment has a book value of TZS 40,000,000/= (TZS 50,000,000/= less 20% depreciation of TZS 10,000,000/= ). An appraisal concluded that the equipment's replacement cost was TZS 60,000,000/= less 20% accumulated depreciation of TZS12,000,000/=, resulting in a net fair value of TZS 48,000,000/=. Required: (a) Calculate net identifiable assets (i.e before goodwill); (b) Calculate total goodwill and goodwill allocated to (i) controlling interest (90\%) and (ii) non-controlling interest (10%); (c) Prepare Alto Group Consolidated Statement of Financial Position as at January 1. 2021