please help me with these two questions.Here is my questions

\f2 BFA605 - Financial and Corporate Accounting Question 1 Almonds Ltd has been negotiating with Raisons Ltd to buy its wholefood section. The purchase takes place on 1 st July 2014. The wholefood section is considered a Cash Generating Unit and the purchased Assets and Liabilities, at their carrying amounts and at the fair values estimated by Almonds Ltd is shown below. Item Cost Carryi ng Accumulat amoun ed t depreciati on/ amortisati on Fair valu e BFA605 - Financial and Corporate Accounting Accounts receivable Land and buildings Plant & Equipment Patent Accounts payable $ 120,000 500,000 470,000 50,000 110,000 $ 250,000 370,000 3 $ $ 120,000 118,000 250,000 300,000 100,000 80,000 50,000 65,000 110,000 110,000 Included in the purchases by Almonds Ltd was an identifiable intangible asset of a Trademark developed over the years by Raisons Ltd. The Trademark has a fair value of $150,000. The purchase consideration for the business consisted of 500,000 $2 ordinary shares in Almonds Ltd, paid to $1.20 and $100,000 in cash to be paid half now and half in one year's time. The discount rate is 10% and the Present Value tables are shown on page 9. Almond Ltd incurred legal fees of $2,500 to process the purchase of the wholefood section and $1,500 of direct costs to issue the shares. Required: Prepare the journal entries to record the purchase by Almonds Ltd and the total payment to Raisons Ltd. Narrations are not required [Total for Question 1 = 15 marks] Question 4 One year after the commencement of business, Pistachio Ltd determined its accounting profit before tax for the year ended 30 June 2016 to be $300,000. Included in this profit are the following items: $ Entertainment expense Depreciation expense - buildings Depreciation expense - plant Doubtful debt expense Long leave expense Advertising expense 5,000 40,00 0 50,00 0 2,500 30,00 0 5,500 The company's Balance Sheet as at 30 June 2016 showed the following assets and liabilities: $ Assets Cash Accounts receivable Less allowance for doubtful debts Inventory Prepaid advertising Land Buildings Less Accumulated depreciation Plant Less Accumulated depreciation Liabilities Accounts payable Provision for long service leave Prepaid revenue $ 2,500 30,000 1,500 28,500 50,000 1,500 200,00 0 800,000 5,000 795,00 0 50,000 5,000 45,000 45,000 30,000 15,000 Other information: The plant is being depreciated equally over the useful life of 10 years for accounting purposes, but for taxation purposes it is being depreciated using the diminishing balance method at a rate of 20%. For accounting purposes the buildings are depreciated on a straight line basis over their useful life of 40 years. For taxation purposes however, Pistachio Ltd have decided to depreciate the buildings at a rate of 2.5% straight line. Bad debts of $1,000 were written off during the year. Question 4 continued over page ... No employees have taken their long service leave. The $5,000 spent (and expensed) on entertainment during the year represents a permanent difference between accounting and taxable profit. The land purchased at the beginning of the business was re valued in accordance with AASB116 to $200,000. The land was originally purchased for $175,000. For Pistachio Ltd, tax deductions are available only when amounts are paid and not as they are accrued. The tax rate is 30%. Required: a Clearly show your calculations to identify the temporary differences. [6 marks] b Clearly show your calculations to determine income tax expense and income tax payable. [9 marks] c Provide the journal entries to account for income tax in accordance with AASB 112. NB: Narrations are not required [2 marks] [Total for Question 4 = 17 marksmarks] Question 5