On 31 December 20x8, M Ltd paid $300,000 to acquire 80% interest of N Ltd when the fair value of N Ltds net assets was represented by share capital of $100,000 and retained profit of $100,000, except for N Ltds freehold land which was carried at $100,000 but deemed to have a fair value of $150,000. On this date, N Ltds share capital comprised 100,000 ordinary shares with a fair value of $2.60 per share.

Assuming the group policy of measuring non-controlling interest at acquisition date based on its proportionate share of the fair value of identifiable net assets of subsidiaries acquired, Goodwill on consolidation in M Ltds 20x8 consolidated financial statements

= $..........................................................................................................................

Assuming the group policy of measuring non-controlling interest at acquisition date based on its fair value, Goodwill on consolidation in M Ltds 20x8 consolidated financial statements

= $..........................................................................................................................