Question 2: Daniel acquired 80% of the ordinary share capital of Craig on 31 December 20X6 for $78,000. At this date the net assets of Craig were $85,000. What goodwill arises on the acquisition (i) if the NCI is valued using the proportion of net assets method (ii) if the NCI is valued using the full goodwill method and the fair value of the NCI on the acquisition date is $21,000