Question 1 Save Answer When Wayne Ltd acquired 100% of the share capital of Carol Ltd, the carrying amount of Carol Ltd's machinery was $200,000. The fair value of the machinery on acquisition date was $160,000. The company tax rate was 30%. What is the amount of the business combination valuation reserve that will be recognised on consolidation? O $12,000 O $160,000 O $40,000 O $28,000 Question 1 of 10 Moving to another question will save this response. MAR 13 sw Opx Atv A