Show acquired 75% of Boat's R1 Equity shares on 1 January 20x3 Show paid R1 000 000 at the date of acquisition and agreed to pay further R2 500 000 2 years after acquisition. Legal & professional Fees of R15 000 were paid in respect of the acquisition. Assume a discount rate of 8% Required Calculate the fair value of the consideration that would be recognized in the calculation of goodwill on acquisition of Boat