Parent Ltd acquired Subsidiary Ltd and the purchase consideration consisted of:

Cash: $100 000

Shares in Parent Ltd: 50 000 shares with a market value of $1.60 per share

Land: carrying value of $90 000 and fair value of $100 000

Parent Ltd incurred legal fees of $6 000 to complete the acquisition.

At the date of acquisition, Subsidiary Ltd had the following assets and liabilities:

	Carrying Amount $	Recoverable Amount $	Fair Value $
Assets
Land	100 000	150 000	200 000
Machinery	50 000	80 000	85 000
Cash	20 000
Liabilities
Loan	105 000

Required

What is the amount (if any) of the goodwill on acquisition of the Subsidiary Ltd?

Group of answer choices

$80 000

$86 000

$141 000

None of the given answers.

$0