Kim Ltd acquired on 1 July 2019 all the issued shares (cum div.) of David Ltd for $33000. At this date, the equity of David Ltd was as follows. Share capital $20000 General reserve 2000 Retained earnings 5000 All the identifiable assets and liabilities of David Ltd were recorded at amounts equal to their fair values except for the following. Carrying amount Fair value Plant (cost $22000) $18000 $18 600 Land 19000 21000 Inventories 2000 2 800 The plants expected remaining useful