On 30 June 2018, Fin Ltd gained control of Rev Ltd by purchasing all its share capital. On the control date, the fair values of North Ltds following assets differed from their carrying amounts:

Carrying amount ($) Fair value ($)

Land 100 000 120 000

Building (cost=$250 000, residual value=$10 000) 210 000 230 000

Additional information:

North Ltd applied the cost model to buildings and land, and continued to do so after the control date. The group and North Ltd both apply straight-line depreciation to buildings. The above building had a further 5 years useful life at 30 June 2019. The fair value of the above land was $150 000 on 30 June 2020.

REQUIRED

Prepare journal entries for the required consolidation data adjustments on 30 June 2019.