hello, can someone give me a detailed solution to part a. im abit confused with the brand with a fair value of 50,000.

thank you.

0n 1 July 2013 Tony Ltd acquired all of the share capital (cum divlof Claire Limited for a consideration of $600,000 cash and a brand with a fair value of $50,000. At the date of acquisition Claire's accounts showed a dividend payable of $8,000. At acquisition date all the identifiable assets and liabilities were recorded at fair value with the exception of: Book Value Market Value 10,000 14,000 80,000 85,000 16,000 2000i 14,000 19,000 20,000 18,000 The inventory was all sold by 30/6/14. The remaining useful life of the plant is 5 years. The accounts receivable were collected by 30/6/ 14 for $18,000. The land was sold on 30/12/16 for $90000. The plant was on hand still at 30/6/17. At the date of acquisition the equity of Claire Ltd consisted of: Retained Earnings Information from the trial balances of Claire Ltd and Tony Ltd at 30 June 2017 is presented overleaf. Additional Information 1. 0n 1 Jan 2017 Tony Ltd sold inventory to Claire Ltd costing $60,000 for $75,000. Half of this inventory was sold to outside parties by 30/6/17. 2. 0n 1 Jan 2016 Tony Ltd sold inventory costing $9000 to Claire Ltd for $16,000. Claire Ltd treats the item as equipment and depreciates it at 10% per annum. 3.0n 1 July 2016 Tony sold plant to Claire for $21,000. The plant had cost Tony $24,000 on 1 July 2014 and it was being depreciated at 10% per annum. Claire regards the plant as inventory. The inventory was all sold by 30th July 2016. 4. At 1 July 2016 Tony Ltd held inventory that it had purchased from Claire Ltd on 1 June 2016 at a profit of $9000. All inventory was sold by 30 June 2017 5. Claire Ltd accrues dividends from Tony Ltd once they are declared. 6. Claire Ltd has earned $1200 in interest revenue in the 2017 financial year from Tony Ltd. 7. Claire Ltd has earned $3800 in service revenue in the 2017 financial year from Tony Ltd. 8. Assume a tax rate of 30%. Required: A. Prepare the acquisition analysis at 1 July 2013. B. Prepare the BCVR and pre-acquisition journal entries at 1 July 2013. C. Prepare the BCVR and pre-acquisition journal entries at 30 June 2017. D. Prepare the consolidation worksheetjournal entries to eliminate the effects of inter-entity transactions as at 30 June 2017