On 1 July 2019, Delta Ltd acquired 80 percent of the share capital of Alpha Ltd for $800,000, which represented the fair value of the consideration paid, when the share capital and reserves of Alpha Ltd were:

Share capital $700,000

Revaluation surplus $200,000

Retained earnings $100,000

Total $1,000,000

All assets of Alpha Ltd were recorded at fair value at the acquisition date, except for some plants with a fair value of $ 50,000 greater than its carrying amount. The cost of the plant was $250,000, and it had accumulated depreciation of $180,000/ The tax rate was 30%.

(a) Calculate the goodwill and non-controlling interest at the acquisition date. show workings.

(b) Provide journal entries to recognise fair value of the plant at the acquisition date. Show workigs.

(c) Prepare a journal entry to recognise the goodwill and to eliminate the Delta Ltd's investment in pre-acquisition capital and reserve.

(d) Prepare a journal entry to recognise the non-controlling interest in contributed equity and reserves at date of acquisition.