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QUESTIONS 3: Wholly owned Entities(12 Marks) a). Telix Pharmaceuticals Limited acquired 100% of the share capital of Nanosonics Limited. Nanosonics had total shareholder's equity of $500,000. The book values of Nanosonics Limited's assets were: buildings $300,000 and machinery $180,000. The fair values of these assets were: buildings $360,000 and machinery $200,000. The tax rate is 30%. Required: Calculate the fair value of the identifiable net assets. Show all workings. (4 marks) b). Appen Limited acquired 100% of the share capital of Sezzle Limited for $475,000. Sezzle had total shareholder's equity of $400,000. The book values of Sezzle Limited's assets were: buildings $200,000 and machinery $240,000. The fair values of these assets were: buildings $240,000 and machinery $250,000. The tax rate is 30%. Required: Identify if the acquisition analysis will determine goodwill or a gain on bargain purchase. Show all workings. (4 marks) c). Fineos Corporation Holdings acquired 100% of the share capital of Dubber Corporation Limited for $235,000. Dubber Corporation had total shareholder's equity of $200,000. The book values of Dubber Corporation Limited's assets were: buildings $150,000 and machinery $80,000. The fair values of these assets were: buildings $180,000 and machinery $90,000. Also, Dubber Corporation Limited has previously recorded an internally generated trademark with a fair value of $40,000 and a contingent liability related to a warranty with a fair value of $10,000. The tax rate is 30%. Required: Identify if the acquisition analysis will determine goodwill or a gain on bargain purchase. Show all workings. (4 marks)