On 1 July 2015 Sarah Ltd acquires all the shares in Jane Ltd for $755,000 cash

The financial statements of Jane Ltd as at 1 July 2015 shows the following:

Retained earnings 142,000

Share capital 168,000

The tax rate is 30%

At the date of acquisition all the net assets of Jane Ltd are at fair value except for the following:

	Carrying amount	Fair value
Land	$67,000	$129,000
Equipment (cost $141,000)	$103,000	$153,000

Calculate and enter the amount of BCVR (or FVA) for the acquisition analysis in the answer block below:

Answer: