Exercise 2 Walaza bought 80% of the equity share capital of Buti for M1,200,000 on 1 april 20x8. Butis share capital is made of 200 000 M1 shares and it had retained earnings of M800,000 at the date of acquisition. The fair value of the NCI at 1 April 20x8 was M250,000. Required: Calculate the goodwill arising on the acquisition of Buti, valuing NCI using: a. Fair value method b. Proportionate share of net assets method