On 1 July 2021, Shiny Ltd acquired all the assets and liabilities of Dull Ltd. Dull Ltd has several operating divisions, including a frozen pie division that manufactures frozen pies for family dinners. The pie division is regarded as a separate cash-generating unit. In paying $900,000 for the net assets of Dull Ltd, Shiny Ltd calculated that it had acquired goodwill of $150,000. The goodwill was allocated to each of the operating divisions, and the assets and liabilities were measured at fair value at acquisition date. At 30 June 2022, the carrying amounts of the assets of the pie division were: Factory $150,000 Equipment $50,000 Inventory $25,000 Brand Moreish $100,000 Goodwill $50,000 There is a declining interest in Dull Ltds frozen pies